Indian industry shows some specific hopeful signals after the two successive periods of decline. The confederation of Indian industry (CII) business conference index improved by 2.4 points standing at 587 which reflected that the worst in economy was likely to be over soon.
Moreover, a recent economic survey conducted in this regard clearly expressed it`s strong confidence to a 5% to 6% growth rate during the current financial year and also ruled out any possibility of deflationary trend.
It also further projected that sales will be higher during the April-sep.09 and therefore the possibilities for declaim in employment is blink.
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