Industrial output grows at 0.1 pc in July

New Delhi: Industrial production growth rate slowed to just 0.1 per cent cent in July due to poor show by manufacturing, mining and capital goods sectors, reflecting weak economic activity which may prompt RBI to cut interest rate in its mid-quarter policy review on Monday. Industrial output in the April-July period of this fiscal has […]

New Delhi: Industrial production growth rate slowed to just 0.1 per cent cent in July due to poor show by manufacturing, mining and capital goods sectors, reflecting weak economic activity which may prompt RBI to cut interest rate in its mid-quarter policy review on Monday.

Industrial output in the April-July period of this fiscal has thus contracted by 0.1 per cent, according to the official data released today.