India Industrial Output Growth Improves To 3.0%

(RTTNews) - India's industrial production growth accelerated slightly in March, data from the Ministry of Statistics and Programme Implementation showed Monday.

Industrial production rose 3.0 percent year-over-year in March, faster than the revised 2.7 percent growth in February. The expected increase was 3.3 percent.

The overall growth in March was mainly due to the developments in the manufacturing and electricity segments.

The annual growth in manufacturing accelerated to 3.0 percent from 2.8 percent. Data showed that electricity output growth quickened to 6.3 percent from 3.6 percent.

Meanwhile, mining output grew at a slower pace of 0.4 percent annually in March versus a 1.6 percent increase in February.

From April to March, industrial production posted an annual growth of 4.0 percent compared to a 5.9 percent rise in the same period last year.