Industrial growth in Apr-Aug lowest in a decade
Industrial growth stood at (-)0.27% during April-August, the lowest since at least 2007-08, according to the Index of Industrial Production data. Moreover, the industrial growth so far this fiscal year has been worse than during the same period in 2009, immediately after the Lehman Brothers crisis. The contraction has been the most in capital goods (around 21%) in 2016-17.