India’s industrial output up more than expected in July

Roydad Naft – India’s industrial output rose 5.7% year-on-year in July, data from the Ministry of Statistics showed on Tuesday.

Analysts in a Reuters poll had forecast an expansion of 4.8%. Industrial output for June was revised up slightly to 3.8% from 3.7%.

Manufacturing output rose 4.6% year-on-year in July from 3.1% in June.

Electricity generation during July rose 8% over the same period a year earlier, while mining activities increased 10.7%, the data showed. In June, electricity generation rose 4.2%, and mining activities increased 7.6%.

Industrial output in the first four months of the fiscal year that started in April was up 4.8% from the same period a year ago.

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