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Industry: IIP slips to 1.3 per cent in August

	October 13, 2008

India's industrial output grew at its slowest pace in nearly 10 years in August, indicating high interest rates were crimping demand, and analysts said the central bank was likely to focus on easing liquidity conditions. Production rose a paltry 1.3 per cent in August from a year earlier, well below a forecast of 6.1 per cent and July's upwardly revised 7.4 per cent. The figure was well below a forecast for growth of 6.1 per cent in a Reuters poll of economists. Industrial output is geared mos ...