New Delhi: Surpassing expectations, India’s factory output rose sharply by 9.8 percent in October, due mainly to a robust 10.6-percent growth in the manufacturing industry, official data showed on Friday. The growth had decelerated to 3.6 percent in the month before and was placed at (-)2.7 percent in October of last fiscal year.
While the electricity output grew by 9 percent, that in mining was higher by 4.7 percent, according to the official numbers on the Index for Industrial Production which were released by the Ministry of Statistics and Programme Implementation.
Cumulatively, the factory output growth was 4.8 percent between April and October, as against 4 percent in the first six months of this fiscal. This was more than double the figure of 2.2 percent logged during the first seven months of the previous fiscal.
