Tuesday, May 21, 2013
New Delhi, November 12, 2012
First Published: 11:42 IST(12/11/2012)
Last Updated: 11:43 IST(12/11/2012)
Industrial output shrinks surprise 0.4%
India's industrial output shrank by a surprise 0.4% in September from a year earlier, data showed on Monday, adding to gloom about the country's economic growth prospects. The once-booming economy has been hit by a combination of high interest rates, Europe's debt crisis that has slowed exports, and sluggish investment caused by domestic and overseas concerns about policy paralysis.
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