7 months ago
26
India's industrial output production expanded at the fastest pace in four months in July, data from the Ministry of Statistics and Programme Implementation showed Thursday.
Industrial production climbed 3.5 percent year-over-year in July, faster than the 1.5 percent growth in June. The expected increase was 2.1 percent.
The overall growth in July was mainly driven by a 5.4 percent expansion in the manufacturing sector and a 0.6 percent rebound in electricity output. Meanwhile, the growth was mainly curbed by a 7.2 percent decline in mining output.
During the April-July period, total industrial production advanced 2.3 percent compared to the corresponding period last year.
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