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Indian Industrial Output Picks Up Sharply

On the back of a strong manufacturing sector after a revised gain of 9% in June, India's industrial production picked up sharply in July, growing 12.4% year-on-year, official figures showed Sept. 12.

Manufacturing, which accounts for more than three quarters of industrial output, rose 13.3% in July compared with 10.5% in June.

Several leading brokerages said last week that despite lower-than-expected farm growth, higher manufacturing gains have allowed them to keep forecasts of 8% for the economy in the year to March 2007.

Copyright Agence France-Presse, 2006

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