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June industrial output shrinks 16.6%

India’s industrial output fell 16.6% year-on-year in June, shrinking for the fourth month in a row, though the monthly measure indicated some recovery in the COVID-19 pandemic-hit sector.

Analysts polled by Reuters had expected a contraction of 20% in June, compared to a revised 33.9% annual contraction in May, the data showed.

“With the lifting of restrictions in the subsequent periods, industrial activity is resuming,” the Ministry of Statistics and Programme Implementation said in a statement on Tuesday.

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