India's industrial output up more than expected in July
Business
India's industrial output up more than expected in July
NEW DELHI (Reuters) - India's industrial output (INIP=ECI) rose 5.7% year-on-year in July, data from the Ministry of Statistics showed on Tuesday.
Analysts in a Reuters poll had forecast an expansion of 4.8%. Industrial output for June was revised up slightly to 3.8% from 3.7%.
Manufacturing output rose 4.6% year-on-year in July from 3.1% in June.
Electricity generation during July rose 8% over the same period a year earlier, while mining activities increased 10.7%, the data showed. In June, electricity generation rose 4.2%, and mining activities increased 7.6%.
Industrial output in the first four months of the fiscal year that started in April was up 4.8% from the same period a year ago.
