India’s industrial production grew by 4.0% year-on-year, showing a slight decrease from the previous growth rate of 4.3%. This represents a 0.3 percentage point decline, indicating a lower output compared to the prior period.
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The actual industrial production figure fell short of the analyst estimate of 5.0%, which may lead to a cautious sentiment in the stock market. Manufacturing and industrial sectors are likely to experience immediate impacts, as investors reassess growth prospects. The market impact is expected to be short-term, driven by sentiment rather than long-term policy shifts.