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Industrial output up, price rise slows

Last updated on - Nov 13, 2014
01 / 5
Industrial output up, price rise slows
India's industrial production grew by a stronger-than-expected 2.5 percent in September, according to government data released Wednesday, boosted by consumer demand during the main religious festival season, while retail price inflation fell to a record low. (BCCL)
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02 / 5
Industrial output up, price rise slows
The production figures were good news for the right-wing government of Prime Minister Narendra Modi who took office in May following a landslide election win on pledges of reviving growth in Asia's third-largest economy. (BCCL)
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03 / 5
Industrial output up, price rise slows
India's economy has posted two years of sub-five-percent growth, marking the longest slowdown in a quarter-century, as the central bank has kept interest rates elevated to combat stubborn inflation. (BCCL)
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04 / 5
Industrial output up, price rise slows
But separate data showed India's inflation had slowed to a record-low in October of 5.52 percent, pushed down by big falls in food and oil costs. (BCCL)
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05 / 5
Industrial output up, price rise slows
The figures fanned hopes that India's hawkish central bank could respond positively to business demands for interest rate cuts to spur growth-boosting investment. (BCCL)
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