India's industrial growth shows signs of slowdown

New Delhi: India's industrial growth is showing signs of a slowdown. Figures for December slipped to 7.6 per cent from 13.4 per cent last year, while November's growth was revised to 5.1 per cent.

Though the figures are in line with expectations, the slowdown is seen due to slower growth in the manufacturing sector.

The sector de-accelerated to 8.4 per cent from 14.5 per cent last year.

Mining and electricity sectors too performed poorly during the month, recording growth rates of 3 per cent and 3.8 per cent respectively.

The cumulative industrial growth for the period between April to December last year declined to 9 per cent as against 11.2 per cent a year ago.