India: Industrial output records lowest growth since March in November
Industrial output rose 2.4% in year-on-year terms in November, which followed October’s 11.7% increase. The result marked the worst reading since March. The notable deterioration was largely driven by a deceleration in manufacturing and mining production growth.
Meanwhile, annual average industrial production growth fell to 5.7% in November (October: +6.2%). This signals a worsening trend in the industrial sector.