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Industrial output contracted by 4.3 per cent for the second-straight month in September, nosediving to an 8-year low. Spurred by a major loss in manufacturing output and a deepening slowdown in capital goods production, the latest contraction was much higher than the 1.4 per cent fall in August. The Index of Industrial Production (IIP) fell by the highest margin since October 2011, data released on Monday showed.
Economists said the latest ...
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