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India’s Industrial Output Contracts 4% In October


India’s industrial activity contracted in October as manufacturing fell.

The Index of Industrial Production contracted 4% in October compared with an expansion of 3.5% in September, according to data published on Monday by the Ministry of Statistics and Programme Implementation.

Industrial output fell 3.28% on a month-on-month basis.

Thirty economists polled by Bloomberg had forecast October IIP to fall 1%.


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