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  • Reuters

    India's industrial output up 4.8% y/y in July

    By Reuters,

    3 hours ago
    https://img.particlenews.com/image.php?url=0KYVjV_0vTl6OOV00

    NEW DELHI (Reuters) -India's industrial output grew at 4.8% year-on-year in July, on the back of an increased electricity output, government data showed on Thursday.

    Economists polled by Reuters had expected growth of 4.7%. Industrial output rose at a revised rate of 4.7% in June.

    Manufacturing output rose 4.6% in July, the same as its 4.6% rise a year ago. Electricity generation was up 7.9%, compared to an 8% rise last year, while mining activity grew 3.7% as against a 10.7% increase from last year.

    For the April-July period, however, industrial output jumped 5.2%, compared to a revised 5.1% rise a year earlier.

    (Reporting by Shivangi Acharya and Sarita Chaganti Singh; Editing by Eileen Soreng)

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