India inflation drops as factory output quickens

India's inflation rate fell lower than analysts' expectations while factory output inched higher, official data showed Wednesday, adding pressure on the central bank to further cut interest rates. According to the data, industrial production grew 3.8 percent in June, the highest in four months, and higher than Bloomberg's prediction of 3.5 percent. The latest inflation figure was down from 5.40 percent recorded in June, while factory output rose from May's 2.7 percent -- sign