India's industrial expansion decelerates to a 14-month low

10/13/2010 | Economic Times (India), The

Growth of India's factory production declined to 5.6% in August, a much bigger drop than analysts had expected. Most of the slowdown came from a 41% contraction of the capital-goods index, which has a history of volatility. Economists said the slump could pressure the Reserve Bank of India to reconsider a plan to tighten monetary policy.

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Economic Times (India), The

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