PREVIEW: India's industrial output likely remained weak in July, dragged down by worsening economic conditions both at home and overseas. Industrial production -- which includes manufacturing, mining and electricity sectors -- likely expanded 0.5% in July from a year earlier, according to the median estimate in a Dow Jones poll of 15 economists. Estimates in the poll ranged from a 0.70% contraction to a 2.0% expansion. In June, it had contracted 1.8% from a year earlier. "Industry is performing poorly and remains one of the weakest segments of India's economy," Moody's Analytics says in a recent research note. It has remained weak for most of the past year -- contracting as much as 5% in October 2011 -- hurt by weakening demand and slowing corporate investments due to a sharp rise in borrowing costs. The data will be released at 0530 GMT Wednesday.
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