India's annual industrial Production Rises by 5.6 percent in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on 5th April 2023.
Analysts in a Reuter’s poll had forecast an expansion of 5.1 percent.
In January, the output rose 5.2 percent. In April-February, industrial output grew 5.5 percent from the same period a year earlier.
Manufacturing, which accounts for about 15 percent of the Indian economy, rose 5.3 percent year-on-year in February. Electricity generation during February rose 8.2 percent over the same period a year earlier, while mining activities increased 4.6 percent, the data showed.
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