India Industrial Output Grows 5.0%

(RTTNews) - India's industrial production growth accelerated at the start of the year, data from the Ministry of Statistics and Programme Implementation showed Wednesday.

Industrial production rose 5.0 percent year-over-year in January, faster than the revised 3.5 percent gain in December. The expected increase was also 3.5 percent.

The acceleration in overall growth in January was mainly due to the developments in the manufacturing and mining segments.

The annual growth in mining quickened to 4.4 percent from 2.7 percent. Similarly, manufacturing output grew at an accelerated pace of 5.5 percent versus 3.4 percent a month ago.

Meanwhile, electricity production growth eased sharply to 2.4 percent from 6.2 percent.

From April to January, industrial production posted an annual growth of 4.2 percent compared to a 6.0 percent rise in the same period last year.