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Aug IIP growth slower than expected at 0.4%

Weak investments and consumer demand dragged it down

Reuters New Delhi

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.

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First Published: Oct 10 2014 | 5:41 PM IST

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