India's sluggish growth story continues. Industrial output for April came in at a dismal 0.1 percent. While the figure is a definite improvement from the minus 3.2 percent in March, the expectation was a lot of higher this time. Most analysts had expected output to grow by over a percent so the 0.1 percent figure has left a lot to be desired. The data clearly points to industrial growth being extremely weak, and it is in clear need of monetary as well as fiscal support.

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