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Mumbai, Nov. 13 (PTI): Commerce and industry minister Anand Sharma, concerned over declining industrial production, today called for an urgent meeting of industry leaders next week in New Delhi.

The index of industrial production (IIP) slipped to a two-year low of 1.9 per cent in September.

“It is a matter of concern. I have called for a review meeting in Delhi to look at all aspects like how the industry can get opportunities and the climate to invest more,” Sharma said here at the World Economic Forum.

Sharma also asked the RBI to urgently review its monetary policy.

Industry, which has been demanding the lowering of interest rates by the RBI, has also asked the central bank to reverse the trend of raising interest rates now.

The RBI has hiked interest rates 13 times since March 2010 to tame inflation. Headline inflation has been above the 9-per-cent mark since December last year and stood at a 13-month high of 9.78 per cent in August before moderating slightly to 9.72 per cent in September.

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