India’s industrial output up 3.5% y/y in October

NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, authorities knowledge confirmed on Thursday.

Economists polled by Reuters had anticipated a development of three.5%.

Manufacturing output rose 4.1% year-on-year in October, electrical energy era grew 2% and mining exercise was up 0.9%, the information confirmed. The sectors had grown by 10.6%, 20.4% and 13.1%, respectively, from a 12 months in the past.

Within the April-October interval, industrial output elevated by 4%, in comparison with a revised 7% from a 12 months earlier.