Dip in industrial growth disappoints Fin Min

The annual growth rate of India's industrial output dipped at its slowest pace of 15 months to 5.6 per cent in August from the revised figure of over 15 per cent in July primarily due to lower demand for capital goods and consumer non-durables in the month under review. Mukherjee, though disappointed, asserted that the Indian economy is on the path of robust growth led by increased investment and capital inflows, stronger industrial output and rising aggregate demand.