India posts marginal gain in industrial output

04/14/2013 | Channel NewsAsia

India's industrial output fell sharply to 0.6% growth in February from the previous month's 2.4%. The figure topped forecasts made by economists, who had expected a decline, but the marginal gain nonetheless adds to signs of a troubled economy. "It says quite a lot when we celebrate a 0.6 percent year-on-year industrial production output [gain], but this is testament to how low expectations have sunk," wrote Credit Suisse economist Robert Prior-Wandesforde.

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