Web Sify
Follow us on
Mail
Print

Industrial output growth crawls at 2 percent in April

Source : REUTERS
Last Updated: Wed, Jun 12, 2013 06:09 hrs
A worker checks an iron pipe that will be used to make spare parts for a drilling machine inside a factory in Kolkata

India's industrial production grew less than expected, at 2 percent in April from a year earlier, government data showed on Wednesday.

Analysts polled by Reuters had expected output to grow 2.4 percent annually.

Manufacturing, which constitutes about 76 percent of industrial production, grew 2.8 percent from a year earlier, the statistics office said.

Capital goods production, a barometer for investments in the economy, grew an annual 1 percent from a year earlier.


blog comments powered by Disqus
most popular on facebook
talking point on sify finance