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India's industrial output slows in May
Shoaib Ur Rehman
10 Jul, 2015
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Copyright AFP (Agence France-Presse), 2015
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![](https://i.brecorder.com/images/2015/07/india-flag0.jpg">MUMBAI: India's industrial output slowed in May and came in well below analysts' expectations, official figures showed Friday, suggesting further measures might be needed to boost investment in Asia's third-largest economy.</P><P>Production at India's factories, mines and utilities, grew only 2.7 percent in May from a year earlier, lower than a revised downwards figure of a 3.4 percent increase in April.</P><P>A survey of 32 economists by Bloomberg had predicted that industrial output would rise four percent, marginally short of the 4.1 percent initially recorded in April, but a fall in consumer goods dragged the rate down.</P><P>)
