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India’s Factory Output Misses Estimates as Consumer Goods Fall

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India’s factory output rose less than economists estimated, boosting pressure on policy makers to revive investment in Asia’s third-largest economy.

Industrial production rose 2.7 percent in May from a year earlier after a revised 3.4 percent gain in April, the Central Statistical Office said in a statement on Friday. That compares with a 4 percent rise predicted by the median of 32 estimates in a Bloomberg survey of economists.