India's industrial output shrinks unexpectedly

India's industrial production shrank unexpectedly for a second straight month on Tuesday weighed down by weak investment and consumer demand, casting doubts on finance minister P Chidambaram's view that the country's economy was showing signs of recovery. The index of industrial production (IIP) fell 0.6% annually in December, data released by the Central Statistics Office showed.

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Friday, December 02, 2022
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