July industrial output grows 3.3%, but trails view
Manufacturing output, which constitutes about 76 percent of the industrial production, rose an annual 2.3 percent in July.<br /><br /> <br /><br />
New Delhi: India's industrial output in July rose a much-lower-than expected 3.3 percent from a year earlier, government data showed on Monday.
[caption id="attachment_81545" align="alignleft" width="380" caption="Industrial output growth for June remained unchanged at 8.8 percent, the statistics office said in a statement. Reuters"]
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The median forecast in a Reuters poll was for an annual rise of 6.2 percent. Industrial output growth for June remained unchanged at 8.8 percent, the statistics office said in a statement.
Manufacturing output, which constitutes about 76 percent of the industrial production, rose an annual 2.3 percent in July.
During April-July, industrial output expanded 5.8 percent. Output had grown 7.8 percent in the 2010/11 fiscal year that ended in March, slower than 10.5 percent clocked in the previous fiscal year.
Reuters
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