2024-08-12 05:58:31 pm | Source: Reuters
India's industrial output up 4.2% y/y in June
India's industrial output grew at a lower-than-expected 4.2% year-on-year in June, hurt by weaker manufacturing growth, government data showed on Monday.
Economists polled by Reuters had expected growth of 5.5%. Industrial output growth was revised to 6.2% in May.
Manufacturing output rose 2.6% in June, compared to a 3.5% rise a year ago. Electricity generation was up 8.6%, compared to a 4.2% rise last year, while mining activity grew 10.3% as against a 7.6% increase last year.
For the April-June period, however, industrial output jumped 5.2%, against a 4.7% rise a year earlier.
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