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See 1-2% Industry Growth This Year: Madan Sabnavis

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October 14: CARE Ratings’ Madan Sabnavis says we usually focus on supply issues when it comes to the stagnating industry, but the primary reason is lower demand from both consumption investment and government expenditure side. The recent higher positive number is a one-off, based purely on electrical machinery, he says, adding that a revival in demand is critical to get industry going again.