Rediff.com » Business
March industrial output shrinks for 2nd straight month
By Rajesh Kumar Singh
May 12, 2014 17:51 IST
Industrial production shrank for a second straight month in March, falling 0.5 per cent from a year earlier, dragged down by weak consumer
demand and capital investments, government data showed on Monday.
Analysts polled by Reuters had forecast a contraction of 1.5 per cent in output.
The fall in February's output was revised to 1.8 per cent on year from 1.9 per cent earlier.
Source:
REUTERS© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Recommended by Rediff.com
Why 8% growth is a pipe dream for India
'Job creation will be first big challenge for the next govt'
Muslims have never been a herd
'Congress-NC should be winning combination in J&K'
US warns Russia ahead of referendum in eastern Ukraine
© 2024 Rediff.com