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India's industrial output growth slows to 6.7% in September as mining contracts
NEW DELHI: India’s industrial output growth slowed to 6.7% in September, government data showed on Wednesday, as growth in manufacturing and electricity eased, while mining output contracted. The September data was below the 7.3% growth expected by economists in a Reuters poll and a revised 7.8% expansion in August. Manufacturing output grew 7.6% year-on-year in September against revised growth of 8.6% in August. Electricity generation climbed 11.2% year-on-year in September against an increase of 12.3% a month earlier. Mining activity fell 6.2% year-on-year in September against a revised decl...
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