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India's industrial output contracts 0.4 percent y/y in Dec
February 10, 2017 / 12:17 PM / in 8 months

India's industrial output contracts 0.4 percent y/y in Dec

NEW DELHI (Reuters) - India’s industrial output fell 0.4 percent in December from a year earlier, driven down by a contraction in consumer and capital goods production, government data showed on Friday.

Workers fasten steel rods together atop a residential building under construction in Mumbai, India, January 31, 2017. REUTERS/Shailesh Andrade/Files

Economists surveyed by Reuters had forecast a 1.1 percent growth in output compared with a 5.7 percent year-on-year growth in November.

Reporting by Manoj Kumar; Editing by Malini Menon

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