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India's Industrial Output Growth Exceeds Expectations

India's industrial production grew more than expected in July, data from statistics ministry showed on Thursday.

Industrial output advanced 4.3 percent on a yearly basis in July, following a 1.17 percent rise a month ago. Output was forecast to grow 2.3 percent.

The annual growth was largely driven by a 6.6 percent rise in electricity output. Mining output grew 3.4 percent and manufacturing rose 2.8 percent.

During April to July, industrial production increased 3.3 percent from the same period of last year, data revealed.

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