India’s Industrial Output Growth Slows to 20-Month Low

India’s industrial output grew at the weakest pace in 20 months, adding to concern the economy may slow after the steepest interest-rate increases in Asia.

Output at factories, utilities and mines rose 1.6 percent in December from a year earlier after a revised 3.62 percent gain in November, the government said in a statement in New Delhi today. The median estimate of 27 economists in a Bloomberg News survey was for a 2 percent increase.