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India's March Industrial Output Falls Unexpectedly

India's industrial production dropped unexpectedly in March, reflecting contraction in manufacturing and mining, data published by the Central Statistics Office showed Friday.

Industrial output was down 3.5 percent annually, reversing last month's 4.1 percent increase. Economists were expecting the annual rate to increase by 1.7 percent.

Manufacturing output dropped 4.4 percent year-on-year and mining output decreased 1.3 percent. Meanwhile, electricity output rose 2.7 percent.

by RTTNews Staff Writer

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