Industrial output for Nov up 11.7% y-o-y

Industrial output for Nov up 11.7% y-o-y
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First Published: Tue, Jan 12 2010. 01 15 PM IST
Updated: Tue, Jan 12 2010. 01 15 PM IST
New Delhi: India’s industrial output rose at a faster-than-expected 11.7% in November from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Tuesday.
The median forecast in a Reuters poll was for an annual rise of 105.
Manufacturing production rose 12.7% in November from a rise of 2.7% a year earlier.
The final figure for October’s annual industrial growth rate was unchanged at 10.3%.
Industrial output rose 2.6% in the 2008/09 fiscal year (April-March), slower than 8.5% in 2007/08 as the global economic downturn hit Asia’s third-largest economy.
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First Published: Tue, Jan 12 2010. 01 15 PM IST
More Topics: India | Economy | Industry | Production | Manufacture |