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Asian Economic News

India Industrial Output Logs Double-Digit Growth

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

India's industrial production logged a double-digit growth in June due the low base of comparison, official data revealed on Thursday.

Industrial production grew 13.6 percent on a yearly basis in June, but much slower than the revised 28.6 percent expansion posted in May. Economists had forecast an annual increase of 13.5 percent.

The strict restrictions imposed to curb the virus weighed on the economic activity in the same period last year. Industrial production had declined 16.6 percent annually in June 2020.

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