India Industrial Production Growth Accelerates To 3.5%

(RTTNews) - India's industrial output production expanded at the fastest pace in four months in July, data from the Ministry of Statistics and Programme Implementation showed Thursday.

Industrial production climbed 3.5 percent year-over-year in July, faster than the 1.5 percent growth in June. The expected increase was 2.1 percent.

The overall growth in July was mainly driven by a 5.4 percent expansion in the manufacturing sector and a 0.6 percent rebound in electricity output. Meanwhile, the growth was mainly curbed by a 7.2 percent decline in mining output.

During the April-July period, total industrial production advanced 2.3 percent compared to the corresponding period last year.