Anand Sharma keen to stabilise industrial productionMay 29th, 2009 - 3:04 pm ICT by ANI
New Delhi, May 29 (ANI): Commerce and Industry Minister Anand Sharma today said that the Government would take every possible step to stabilise industrial production.
Talking to reporters here, Sharma said, “In the present climate, when economies across the world have been adversely affected and there is continuous fall in demand, we would like to ensure that every possible step is taken to ensure that industrial output remains stable.”
Sharma is taking charge of the trade ministry at a time when India’s exports have suffered a severe setback due to the global downturn.
The economy is also growing at a much slower pace.
For 2008-09, the GDP growth dropped to 6.7 per cent against nine per cent in the previous fiscal. (ANI)