India's Industrial Output Rises 9.7% In August

Oct. 12, 2006
Manufacturing rose 11.1%.

Driven by manufacturing growth, India's industrial output for August rose 9.7% year-on-year, official figures showed Oct. 12. But the rate was much lower than the previous month's growth of 12.7% as floods in industrial regions disrupted output.

Manufacturing, which accounts for more than three quarters of industrial output, rose 11.1% in August from a year earlier. It stood at 13.3% in July.

A number of economists have forecast economic growth in the year to March 2007 at over eight percent after the economy grew by 8.4% in the previous year, its fastest pace in three years.

Consumer goods output rose 14.6% in August from a year earlier while production of capital goods rose 14.7% from a year earlier. Growth in the mining sector shrank by 0.1%.

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