Financial News: Amended: India Industrial Output Growth Eases To 4.9%,

Amended: India Industrial Output Growth Eases To 4.9%, More Than Forecast

05/10/2024 - 09:26:00 (RTTNews)

(RTTNews) - Corrects the previous month in the second paragraph

India's industrial production growth moderated in March after accelerating in the previous month, data from the Ministry of Statistics and Programme Implementation revealed on Friday.

Industrial output expanded 4.9 percent year-over-year in March, slower than the 5.6 percent in February. Economists had expected the growth to slow to 5.1 percent.

Among the major three sectors, electricity output grew the most, up by 8.6 percent. This was followed by a 5.2 percent rise in manufacturing output.

The slowdown in growth was largely due to a weaker upturn in mining output, which rose 1.2 percent annually in March versus 8.1 percent surge in the prior month.

During April to March, industrial production expanded 5.8 percent from the same period last year, data showed.

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