New Delhi, Nov. 15 -- India's factory output shrank for the second straight month at 4.3% in September, recording its worst show since the present series was launched in April 2012.
All components of industrial output-mining, manufacturing and electricity-fell during the month, pointing towards a deepening economic downturn.
The persistent slowdown in industrial growth may force the central bank to go for another round of interest rate cuts in December.
Data released by the statistics department on Monday, 11 November, showed capital goods that indicate investment demand in the economy shrinking 20.7% in its ninth straight month of contraction, while both consumer durables and consumer non-durables also contracted, signalling a continuin...