In a big jump, the October industrial production grew 9.8 per cent on an annual basis, riding on the back of a robust growth in consumer products and capital goods during the festive season.
Industrial output growth slowed to 4.2% in July from an upwardly revised 4.4% in the previous month but still beat analysts' expectations, buoyed by a decent expansion in manufacturing, showed the official data released on Fr
Industrial production expanded at at a higher rate of 4.2 per cent in July this year compared to the same month last year as manufacturing activity and offtake of capital goods improved.
Industrial production growth beat expectations to touch a two-month high of 4.1% in April, as manufacturing and capital goods staged a good performance.
The poll of 28 economists predicted India's industrial production (IIP) increased 1.6 per cent year-on-year in April, slowing from 2.1 per cent growth in March.