India’s industrial production decreased unexpectedly in March, preliminary data from the statistics ministry showed on Friday.
The index of industrial production fell 0.1 percent year-on-year, erasing a similar size gain in February. Economists had forecast a 1.2 percent rise for the month.
In March, manufacturing output decreased 0.4 percent, while output in the mining and electricity sectors grew 0.8 percent and 2.2 percent, respectively.
Further, twelve out of the twenty three industry groups in the manufacturing sector logged negative annual growth in March.
The cumulative annual growth for the April-March 2018-19 period was 3.6 percent.
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