New Delhi May 12 2023: India’s industrial output (INIP=ECI) rose 1.1% year on year in March, data from the Ministry of Statistics showed on Friday.
Analysts in a Reuters poll had forecast an expansion of 3.1%. In February, output rose 5.6%.
In the 2022/23 financial year that ended on March 31, industrial output grew 5.1% from the same period a year earlier.
Manufacturing, which accounts for about 15% of the Indian economy, rose 0.5% year-on-year in March. Electricity generation during March fell 1.6% over the same period a year earlier, while mining activities increased 6.8%, the data showed.
