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Financial News: India Industrial Production Rebounds More Than Expected

India Industrial Production Rebounds More Than Expected

05/12/2021 - 10:07:00 (RTTNews)

(RTTNews) - India's industrial production grew strongly in March, after a sharp fall in the previous month, preliminary figures from the statistical office showed Wednesday.

The industrial production index climbed 22.4 percent year-on-year, which was faster than the 17.6 percent growth economists had forecast. In February, industrial production decreased 3.7 percent from a year ago. In the same month last year, production dropped 18.7 percent. Manufacturing output jumped 25.8 percent from a year ago and mining production climbed 6.1 percent. Electricity output rose 22.5 percent.

During the April to March year-to-date period, industrial production decreased 8.6 percent and manufacturing output fell 9.8 percent.

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