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India's March industrial output growth accelerates to 2.5 pct y/y - govt

Source : REUTERS
Last Updated: Fri, May 10, 2013 06:11 hrs

NEW DELHI, May 10 (Reuters) - India's industrial production growth accelerated to 2.5 percent in March from a year earlier, government data showed on Friday.

Analysts polled by Reuters had expected output to grow 2.0 percent annually. The government revised the output growth for February to 0.5 percent from 0.6 percent earlier.

Manufacturing, which constitutes about 76 percent of industrial production, grew 3.2 percent from a year earlier, the federal statistics office said. Capital goods production, a barometer for investments in the economy, grew an annual 6.9 percent from a year earlier.

In the April-March period, industrial production expanded an annual 1.0 percent. (Reporting by Rajesh Kumar Singh, editing by Ross Colvin)




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