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  • Industrial prod growth slows sharply to just 0.1% in April 12

    Published on June 12, 2012

    Mumbai : India’s industrial output grew a weaker-than-expected 0.1% year on year in April, official data showed on Tuesday, amid growing concerns about a slowdown in the economy.

    The manufacturing sector, which accounts for most of the industrial production index, expanded 0.1%, with production of capital goods, a key indicator of investment, shrinking 16.3%.

    Analysts had expected output to grow 1.7%. The April figure compares with an annual contraction of 3.5% a month earlier.

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