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

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

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.