Is the Indian economy, the manufacturing sector at least, moving towards a slowdown? Edward Hugh analyses some figures:

India’s industrial production grew in November at the slowest pace in 13 months, making it more likely the central bank may soon end more than three years of interest rate increases. Production at factories, utilities and mines rose 5.3 percent from a year earlier after gaining a revised 12 percent in October, the statistics office said today in a statement in New Delhi. [...] This is a real slowdown and the reasons for this and the consequences need to be thought about and analysed carefully. The increase is less than half what India has averaged in the past year. Prime Minister Manmohan Singh this week formed a panel to suggest measures to boost the nation’s industrial output.