India Industrial Production Grows Less Than Expected

(RTTNews) - India's industrial production growth slowed more than expected in September, preliminary figures from the statistics ministry showed Friday.

The industrial production index rose 5.8 percent year-on-year after a 10.3 percent increase in August. Economists had forecast 7.0 percent growth.

Manufacturing output grew 4.5 percent annually and mining production rose 11.5 percent. Electricity output increased 9.9 percent.

In the April to September period, industrial production rose 6.0 percent from the same period last year.

The latest purchasing managers' survey by S&P Global showed that manufacturing growth slowed in October but remained robust despite challenging global economic conditions.