Industrial Output Shrinks To Minus 1.1%: How Can Economic Concerns Be Eased?
Industrial growth shrank 1.1% in August, after a gap of 26 months, reinforcing fears of a slowing economy and deteriorating consumer sentiment. India's industrial output contracted in August due to weakness in the manufacturing and electricity sectors. The Index of Industrial Production fell by 1.1 percent in August over a year ago, compared to an increase of 4.3 percent in July. A Bloomberg poll of 31 economists had forecast IIP growth at 1.7 percent. The fall is the steepest in the last 81 months.
