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MoneyWorks4Me

Just In: Industrial production grows less than expected at 0.4% in August

10 Oct 2014 Evaluate
Contradicting the signs of economic revival, Indian industrial production grew by 0.4% y-o-y in the month of August as compared to 0.5% growth in the previous month. IIP growth in August was below than market expectation of over 2% and was mainly dragged down by contraction in manufacturing sub-sector.