India's industrial output up 13.5 per cent in March

India's industrial output rose by an impressive 13.5 per cent in March, despite the withdrawal of fiscal stimuli packages and the tightening of monetary policy, taking the overall expansion for the previous fiscal to 10.4 per cent.

India's industrial output rose by an impressive 13.5 per cent in March, despite the withdrawal of fiscal stimuli packages and the tightening of monetary policy, taking the overall expansion for the previous fiscal to 10.4 per cent.

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The Index of Industrial Production (IIP) had expanded by 0.3 per cent in March last year and 2.8 per cent during the whole of 2008-09.

Data released by the ministry of statistics and programme implementation showed that the manufacturing output rose 14.3 per cent in March, mining by 11 per cent and electricity by 7.7 per cent.

The cumulative growth for 2009-10 for these three sectors were 10.9 per cent, 9.7 per cent and 6 per cent respectively.

"In terms of industries, as many as 14 out of the 17 industry groups have shown positive growth during the month of March 2010, as compared to the corresponding month of the previous year," the ministry said in a statement.