Surpassing expectations, India’s factory output rose sharply by 9.8% in October, due mainly to a robust 10.6% growth in the manufacturing industry, official data showed on Friday.
The growth had decelerated to 3.6% in the month before and was placed at (-)2.7% in October of the last fiscal year.
Electricity output grew by 9%, mining was higher by 4.7%, according to the official numbers on the Index for Industrial Production which were released by the Ministry of Statistics and Programme Implementation.
Cumulatively, factory output growth was 4.8% between April and October, as against 4% in the first six months of this fiscal. It was more than double the figure of 2.2% logged during the first seven months of the previous fiscal.