India’s industrial output growth hits 8-year low

Industrial production in September contracted 4.3%, the sharpest decline since October 2011 spanning both the 2004-05 and 2011-12 series, official data showed on Monday. This reinforced fears of a deepening supply-side contraction in response to an acute demand compression in the economy, compounding worries of policymakers, as they seek ways to beat a seemingly entrenched economic slowdown.