FY11 industrial output seen around 10%: Montek

FY11 industrial output seen around 10%: Montek

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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