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FY11 industrial output seen around 10%: Montek

FY11 industrial output seen around 10%: Montek
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First Published: Wed, Jan 12 2011. 11 18 AM IST
Updated: Wed, Jan 12 2011. 11 18 AM IST
New Delhi: The industrial output growth for the current fiscal year ending in March could be around 10%, Montek Singh Ahluwalia, deputy chairman of the planning commission said on Wednesday.
India’s industrial output in November rose a slower-than-expected 2.7% from a year earlier, sharply lower than the previous month’s revised annual growth of 11.3%, government data showed.
The median forecast in a Reuters poll was for an annual rise of 6.6%.
Manufacturing output, which constitutes about 80% of the industrial production, rose an annual 2.3% in November, the federal statistics office said in a statement.
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First Published: Wed, Jan 12 2011. 11 18 AM IST