NEW DELHI, Dec. 1 -- India's industrial production grew 0.4% year-on-year in October, marking its slowest pace of expansion in 14 months, as manufacturing, mining and electricity output contracted, provisional data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday showed.
October's industrial output was lower than the 3.7% expansion recorded in the year-ago period. In September, India's industrial production grew 4% annually, according to MoSPI's revised estimates for the month (up from 3.2%).
The latest reading reflects a fragile, uneven rebound in industrial activity amid soft domestic demand, global uncertainty, and sector-specific challenges.
Industrial performance has remained volatile this fisc...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.