IIP beats expectations with 2.7 per cent growth in August
India's industrial output grew 2.7 per cent in August 2012, after barely growing in July, indicating weak domestic and global demand. The data beat brokerage expectations of a weak 0.7 per cent improvement. While the numbers are mainly due to a low base effect, experts told NDTV, that the numbers could suggest a marginal improvement in overall economic activity.
