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Asian Economic News

India Industrial Production Surges

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

India industrial production surged more-than-expected in April, mainly due to the low base effect as the economy was under a harsh lockdown in the same month last year to control the coronavirus pandemic.

The industrial production index grew 134.4 percent year-on-year, official data showed Friday, which was faster than the 120 percent jump economists had expected. In March, output rose 24.1 percent.

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