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Asian Economic News

India Industrial Production Rebounds More Than Expected

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's industrial production grew strongly in March, after a sharp fall in the previous month, preliminary figures from the statistical office showed Wednesday.

The industrial production index climbed 22.4 percent year-on-year, which was faster than the 17.6 percent growth economists had forecast.

In February, industrial production decreased 3.7 percent from a year ago.

In the same month last year, production dropped 18.7 percent.

Manufacturing output jumped 25.8 percent from a year ago and mining production climbed 6.1 percent. Electricity output rose 22.5 percent.

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