Aug IIP growth slower than expected at 0.4%

Weak investments and consumer demand dragged it down

India's industrial output grew a much slower-than-expected 0.4% year-on-year in August, dragged down by weak investments and consumer demand, government data showed on Friday.

Analysts polled by Reuters had forecast the output to grow 2.4%. Industrial production expanded a revised 0.4% year-on-year in July.