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Saturday, October 12, 2019

15 out of 23 industry groups in manufacturing contracted in August

The industrial output data for August, which showed 1.1% contraction, adds to the string of other numbers, such as slumping vehicle sales, which are testimony to the slowdown that has gripped Asia’s third-largest economy, leading to a rash of growth downgrades by several economists, rating agencies and the central bank.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News


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