India: Industrial activity drops at sharpest pace since February 2021 in August
Industrial output decreased 0.8% in year-on-year terms in August, which contrasted July’s 2.2% increase. August’s figure marked the worst reading since February 2021. August’s notable deterioration was primarily due to drops in manufacturing and mining production.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 4.5%, down from July’s 5.6% reading.