Sudden slowdown for the industry of another of the emerging giants of the Asian continent. After the slowdown in China, in fact, comes that of Indian industrial production, which in October recorded a decline of 4,2%, following the +2,8% reported in September. The figure comes as a big surprise to analysts, who were expecting a 2,4% increase. The reported decline was the first in seven months and the largest in three years.
At this point, an intervention by the central bank seems likely, which could cut interest rates, also in light of the slowdown in inflation, to 4,38% in November against 5,52% in October.
