India’s industrial output grows 0.1%

India’s industrial production grew in July, reversing the contraction in June, but at a marginal 0.1 per cent from a year earlier, government data showed on Wednesday. According to data released by the Central Statistical Office (CSO), the meagre growth over the corresponding month of the previous year was due to poor show by manufacturing, mining and capital goods sectors. The manufacturing output, which has a 75.5 per cent weight in the index of industrial production (IIP), fell 0.2 per cent from a year earlier in July, after falling 3.0 per cent in June. The sector is facing weak demand in both foreign and domestic markets. From gulftoday