Industrial Output in India

NEW DELHI (Reuters) – India’s industrial output grew by 4.8% year-on-year in July, driven by increased electricity production, according to government data released on Thursday.

Economists surveyed by Reuters had predicted a growth rate of 4.7%. The industrial output for June was revised to a growth of 4.7%.

Key Highlights:

• Manufacturing output: Increased by 4.6% in July, matching the 4.6% rise seen a year ago.
• Electricity generation: Rose by 7.9%, slightly lower than the 8% increase last year.
• Mining activity: Grew by 3.7%, compared to a 10.7% increase last year.

For the period from April to July, industrial output surged 5.2%, compared to a revised 5.1% rise in the same period last year.