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Summary Last October industrial production grew by over 11 percent.
India says industrial production for October has tumbled 5 percent, one more sign of the slowdown in Asias third-largest economy.The plunge was led by slowing mining and manufacturing activity, as well as waning consumer demand.Last October industrial production grew by over 11 percent.The fall was much sharper than expected and puts pressure on the central bank to arrest or reverse its tight monetary policy when it meets later this week.
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