Economics
India Industrial Output Growth Slows; Rate Pressure Stays
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India’s industrial production growth eased in April, a slowdown that has yet to curb pressure for more interest-rate increases to damp inflation. Stocks fell.
Output at factories, utilities and mines rose 6.3 percent from a year earlier after an 8.8 percent gain in March, the Central Statistical Office said in a statement in New Delhi today, after it changed the base year to 2004-05. The median of 23 predictions in a Bloomberg News survey was for a 5.5 percent advance, based on 1993-94 prices.