Industrial output contracts for 1st time in nearly 2 years

India's industrial output experienced a contraction of 0.1% in August, marking the first decline in 22 months, predominantly due to a high base effect, reduced mining and electricity output, and a weakened manufacturing sector. Analysts attribute this to temporary factors including monsoon rains and expect no major alarm.

Oct 12, 2024 - 05:00

Industrial output contracts for 1st time in nearly 2 years

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India's industrial output experienced a contraction of 0.1% in August, marking the first decline in 22 months, predominantly due to a high base effect, reduced mining and electricity output, and a weakened manufacturing sector. Analysts attribute this to temporary factors including monsoon rains and expect no major alarm.