India's industrial-output growth slows sharply

HONG KONG (MarketWatch)
Indian factory activity growth cooled in December, decelerating to about half the average pace of the final three quarters of 2011, according to figures reported Friday
Industrial output grew 1.8% in December from a year earlier, slowing sharply from 5.9% growth in November, according to reports citing India's statistics office
The result missed analysts' expectations for a 3.4% expansion, according to poll by Dow Jones Newswires
India's industrial production in the April-to-December period was up 3.6% from a year earlier, cooling from a 7.8% expansion a year earlier