Agence France-PresseOctober 11, 2013 10:30
Indian industrial output growth slumped to below one percent in August, official data showed Friday, surprising markets and underscoring the weakness of Asia's third-largest economy.
Production by factories, mines and utilities grew by just 0.6 percent in August from a year earlier, the Central Statistical Office said.
It had climbed by a revised 2.75 percent the previous month, triggering hopes of an economic revival.
"Industrial growth has relapsed," said Capital Markets economist Mark Williams.