India's industrial output slows once again

India's industrial output slows once again
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Summary Last month's index of industrial production showed overall gains of 2.6 percent.

MUMBAI (AP) - India says its industrial production in August rose 0.6 percent from a year earlier, a significant slowing from the previous month s numbers. The weak output is another sign the country s economy is still sputtering.

Most of the gains were due to strong growth of 7.2 percent in the electricity sector compared to the previous August. Mining was down by 0.2 percent and manufacturing dropped 0.1 percent in the numbers released Friday by the Central Statistics Office.

Last month s index of industrial production showed overall gains of 2.6 percent, sparking small hope that India s economy might have bottomed out.

Stalling growth that reached a decade-low this year has marred India s economic outlook, while high inflation leaves little room for the central bank to boost demand by cutting interest rates.
 

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