India's industrial output slows again

Written By Unknown on Jumat, 11 Oktober 2013 | 21.29

INDIA says its industrial production in August rose 0.6 per cent from a year earlier, a significant slowing from the previous month's numbers.

The weak output is another sign the country's economy is still sputtering.

Most of the gains were due to strong growth of 7.2 per cent in the electricity sector compared to the previous August.

Mining was down by 0.2 per cent and manufacturing dropped 0.1 per cent in the numbers released on Friday by the Central Statistics Office.

Last month's index of industrial production showed overall gains of 2.6 per cent, sparking small hope India's economy might have bottomed out.

Stalling growth that reached a decade-low this year has marred India's economic outlook, while high inflation leaves little room for the central bank to boost demand by cutting interest rates.


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