India's industrial growth slides to 0.1 per cent - NewsX

India's sluggish growth story continues. Industrial output for April came in at a dismal 0.1 percent. While the figure is a definite improvement from the minus 3.2 percent in March, the expectation was a lot of higher this time. Most analysts had expected output to grow by over a percent so the 0.1 percent figure has left a lot to be desired. The data clearly points to industrial growth being extremely weak, and it is in clear need of monetary as well as fiscal support.

For more log onto - http://alpha.newsx.com