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India July industrial output grows by a paltry 0.1 percent year-on-year: data

AFP
September 13, 2012, 12:06 am TWN

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NEW DELHI -- India's industrial output inched up by a meagre 0.1 percent in July from a year earlier, data showed on Wednesday, piling new pressure on policymakers to spur Asia's third-largest economy.

The once-booming economy has been hit by a combination of high interest rates, Europe's debt crisis gouging exports, stalled government reforms and sluggish investment.

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