India's industrial production increased at a notably slower rate in April, and the rate of growth was below expectations, latest government data showed Wednesday.
Industrial production increased 2 percent on an annual basis in April, slower than the revised 3.4 percent gain seen in March, the Central Statistics Office said. Economists had forecast the growth rate to stay unchanged at the previous month's originally reported 2.5 percent.
Output in the manufacturing sector climbed 2.8 percent annually, and electricity production rose 0.7 percent. Meanwhile, output in the mining sector dropped by 3 percent.
Among industrial sub-sectors, basic goods production rose 1.3 percent from a year earlier, and capital goods output advanced 1 percent. Production of intermediate goods and consumer goods rose by 2.4 percent and 2.8 percent respectively from April 2012.
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