Friday, February 10, 2012

India's Dec industrial output growth slows sharply


NEW DELHI, Feb 10 (Reuters) - Indian industrial production growth slowed sharply in December, its slowest pace in two months, adding to pressure on the central bank to start cutting interest rates to help stimulate an economy that is headed for its slowest growth in three years.
Output from India's factories, mines and utilities increased a lower-than-expected 1.8 percent in the month from a year earlier, government data showed on Friday.
Analysts on average had expected a rise of 3.4 percent, a Reuters poll showed. The December figure compares with November's increase of 5.95 percent.

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