MUMBAI, July 12: India’s industrial production slowed sharply in May to its slowest pace in six years, hit by rising inflation, high input costs and monetary tightening, official figures showed.

Industrial growth in Asia’s second largest economy was at 3.8 per cent in May, against 10.6 per cent in the same month last year.

Output growth, as measured by the Index of Industrial Production, declined in the manufacturing and electricity sectors.

Manufacturing output, which has an 80 per cent weighting in the industrial output index, rose 3.9 per cent in May against 11.3 per cent for the corresponding period a year earlier.

Industrial output rose 8.1 per cent in the financial year ending March 2008.—AFP