India's industrial output grew at a faster pace of 2 percent in September from a year ago, following a revised 0.4 percent rise in August, the Central Statistics Office said Tuesday.
Nonetheless, the annual growth rate was weaker than the 3.5 percent rise forecast by economists.
Within over production, manufacturing output gained 0.6 percent, reversing last month's 0.2 percent drop. At the same time, mining output advanced 3.3 percent and electricity surged 12.9 percent.
During April to September, industrial production grew 0.4 percent compared to a slight 0.1 percent rise seen in the corresponding period of last year.
The recent Purchasing Managers' survey revealed that activity in the Indian manufacturing sector decreased for the third successive month in October. The index reading remained unchanged at 49.6 in October.
According to Markit survey, new orders placed with manufacturers decreased at a faster rate in October. Reflective of a sustained reduction in order intakes, firms lowered their production volumes further.
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