India's industrial output shrinks 2.4 percent in July - govt

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Reuters NEW DELHI
Last Updated : Sep 12 2016 | 6:42 PM IST

NEW DELHI (Reuters) - India's industrial output contracted 2.4 percent in July from a year earlier, mainly dragged down by lower production of capital goods and consumer non-durables, government data showed on Monday.

Economists surveyed by Reuters had forecast a 1.7 percent increase in output compared with a provisional 2.1 percent year-on-year expansion in June.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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First Published: Sep 12 2016 | 6:20 PM IST

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