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

Reuters logo Reuters 12-09-2016
A worker grinds a metal gate inside a household furniture manufacturing factory in Ahmedabad © REUTERS/Amit Dave/Files A worker grinds a metal gate inside a household furniture manufacturing factory in Ahmedabad

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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