NEW DELHI, March 2 -- India's industrial output expanded at an annual rate of 4.8% in January, slowing after two months of strong growth fuelled by festive demand. Factory output had grown 5.2% in the same period a year ago.
Data released by the ministry of statistics and programme implementation on Monday showed that industrial output growth has been robust since November, growing at 7.2% and at an upwardly revised 8% in December, respectively.
That was supported by more than 8% growth in manufacturing in those months. In January, manufacturing sector output grew 4.8%. In the first 10 months of this fiscal, output of this sector grew 4.9%.
The strongest overall industrial output growth so far this year has been in December, after an a...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.