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India's Industrial Output Rises More-Than-Expected

India's industrial production grew more than expected in February, official data showed Thursday.

Industrial output grew 4.5 percent year-on-year in February, faster than the expected growth of 3.2 percent. Production had increased around 2.1 percent in January.

The annual growth was driven by a 10 percent rise in mining output and 8.1 percent increase in electricity. Manufacturing output was up 3.2 percent.

The cumulative growth for the period April to February 2020 over the corresponding period of the previous year came in at 0.9 percent.

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