Inflation in India eased to its lowest level since 2009 in April, data showed Tuesday, fanning hopes that the central bank would cut interest rates further to help spur a sharply slowing economy.

India's industrial output grew by a surprise 2.5 percent in March from a year ago, official figures showed Friday, fuelling hopes that the country's sharp economic slowdown may have bottomed out.

Car sales in India fell by over 10 percent in April, industry data showed Friday, as the country's once red-hot car market reels from high ownership costs, costly fuel and an economic downturn.

Indian services growth eased dramatically during April as new orders came in at a much slower pace, prompting firms to rein in hiring plans, a business survey showed on Monday.

India's central bank has cut a key interest rate by a quarter percentage point to try to revive stalled economic growth. The bank's governor warns, however, that persistent inflation will prevent much more aggressive rate cuts beyond the new 7.25 percent level.

Inflation in India declined to a three-year low in March, possibly allowing the central bank to keep cutting interest rates to help revive a sputtering economy.

Inflation in India declined to a three-year low in March, possibly allowing the central bank to keep cutting interest rates to help revive a sputtering economy.

Shailesh Madiyar forlornly surveys the giant shipyard in the Indian port of Mandvi. A place synonymous with wooden boat-building for centuries, it now lies largely deserted.

Car sales in India have fallen by 6.7 percent in the past year. It's the first decline in a decade for the once-booming industry as India grapples with a wider economic deceleration.

India's government is appealing to corporate leaders to “keep the faith” as it struggles to revive a staggering economy, but the reply from business is they need more than talk to win back their support.