India's factory output rises sharply by 9.8 per cent in October

india-industry-reuters File photo

Surpassing expectations, India's factory output rose sharply by 9.8 percent in October, due mainly to a robust 10.6-per cent growth in the manufacturing industry, official data showed on Friday.

The growth had decelerated to 3.6 per cent in the month before and was placed at (-)2.7 percent in October of last fiscal year.

While the electricity output grew by 9 per cent, that in mining was higher by 4.7 per cent, according to the official numbers on the Index for Industrial Production which were released by the Ministry of Statistics and Programme Implementation.

Cumulatively, the factory output growth was 4.8 per cent between April and October, as against 4 per cent in the first six months of this fiscal. This was more than double the figure of 2.2 per cent logged during the first seven months of the previous fiscal.

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Topics : #economy | #GDP

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