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Industrial Output Growth At Four-Month Low In July

India’s factory output expanded at the slowest pace since March this year.The Index of Industrial Production rose 2.4% in July compared with 12.7% in June, the data published by the Ministry of Statistics and Programme Implementation on Monday showed.Twenty-eight economists polled by Bloomberg had forecast July IIP growth at 4.2%.Month-on-month, the index declined 2.75%.

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