GDP growth slowed sharply to a pace of 4.5 per cent in the July-September, hit by a slump in manufacturing output.
Manufacturing sector contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019.
This is the 24rd consecutive month that the manufacturing PMI has remained above the 50-point mark.
About 40 per cent respondents reported plans for capacity additions for the next six months.
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