IIP misses expectations, growth flat at 0.1% in July

Wednesday, September 12, 2012, 11:01:52 (IST)
NEWS FLASH India's industrial output rose 0.1 per cent in July, after falling steeply the previous month. It shrank 1.8 per cent in June, contracting for the third consecutive month in four months. Industrial output accounts for a little over 15 per cent of the country's gross domestic product (GDP). It was expected to have edged up 0.5 per cent on year on year basis in July, according to an NDTV poll. Earlier a Reuters' poll pointed to continuing weakness for the economy, which languished near a three-year low of 5.5 per cent annually in the first quarter of the current fiscal year, having slowed to almost a decade low in the previous quarter.   Unsubscribe   News updates @ www.ndtv.com

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