India’s industrial output grew just 0.4% in October
India’s industrial production in October grew a mere 0.4%, marking a 14-month low and signaling a slowdown in economic activity. This is significantly below September’s 4% growth and also under the 3.1% forecasted by economists in a Reuters poll.
The modest rise in output came despite stronger domestic consumption across major categories, partly driven by the goods and services tax (GST) cuts implemented on September 22. The Ministry of Statistics & Programme Implementation attributed the slowdown to fewer working days due to festivals like Dussehra and Deepawali.
Breaking down the sectors, manufacturing output increased just 1.8% in October compared with 4.8% in September, while mining and electricity declined 1.8% and 6.9%, respectively. These three sectors together account fo...










