12/07/2023 6:02:23 PM | Source: Reuters
India`s industrial output rose 5.2% in May
India's industrial output rose 5.2% year-on-year in May, data from the Ministry of Statistics showed on Wednesday.
Analysts in a Reuters poll had forecast an expansion of 4.8%. Industrial output for April was revised to 4.5% from 4.2%.
Manufacturing, which accounts for about 17% of the Indian economy, rose 5.7% year-on-year in May from a provisional 4.9% growth recorded in April.
Electricity generation during May rose 0.9% over the same period a year earlier, while mining activities increased 6.4%, the data showed.
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