India's industrial output remains subdued despite January gain

03/12/2013 | Wall Street Journal, The

India's industrial output remained low in January despite a 2.4% rise in activity. The anemic growth exceeded expectations but is still expected to put further pressure on the central bank to cut interest rates. "With 50% of manufacturing sectors registering negative growth, any sustained growth remains elusive in the sector in the immediate future," observed Naina Lal Kidwai, president of the Federation of Indian Chambers of Commerce and Industry.

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