India’s industrial production growth slows down

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/New York Times

In September the growth of industrial production in India was the slowest in two years as rapid increase in interest rate together with stumbling economic recovery hurt demand. Output at plants, mines and utilities added 1.9% compared to September 2010. It is 1.6% less than predicted by economists questioned by Bloomberg. Bank of India suggests it might end the monetary tightening in the nearest future.

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