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Industrial production contracts for first time in nearly 2 years

By Economic Times - a month ago
India's industrial output dropped by 0.1% in August, marking the first contraction in 22 months due to an unfavourable base and declines in mining and electricity. Industrial growth for the current financial year's first five months was 4.2%. Economists expect a recovery with the monsoon and festive season boosting rural demand and consumption.

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