India

Leading Producers Plan Output Cuts The Indian economy is expected to slow this year as a result of the global economic and financial crisis. Indian GDP growth will be about 6.5%, down from 9% in 2008, the Asian Development Bank (Manila) says. The slowdown is having a substantial effect on India’s chemical industry, analysts say. “The Indian chemical industry has been growing 10%-12%/year over the past few years, but 2008-09 will witness a slowdown in line with the global scenario,” says Mamta Wadhwa, senior director/chemicals, materials, and...

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