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Mineweb reported India has experienced a steep decline in its GDP because of sudden and severe hurdles in the iron mining industry.
Mineweb reported India has experienced a steep decline in its GDP because of sudden and severe hurdles in the iron mining industry.
As quoted in the market news:
Mining in India has been losing ground over the past five years. Plunging mining output has lead to a fall in industrial production and GDP growth, with the Index for Industrial Production plummeting to -5% in October 2011. This is the first time it has gone into negative territory since March 2009.
