Industrial output bounces back to 7% in April
India’s industrial output rose 7.0 per cent in April from a year earlier, rebounding strongly from the previous month’s provisional 3.0 per cent, data showed on Thursday.
The figure was above a forecast for growth of 5.7 per cent in a Reuters poll of economists. Output growth has fallen from double-digit levels seen early last year as tight monetary policy and a strong rupee clipped demand.
Manufacturing production rose 7.5 per cent in April from a year earlier, compared with a provisional 2.9 per cent in March.
Industrial output rose 8.1 per cent in 2007/08 (April-March) compared with 11.6 per cent in 2006/07.
