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Published on 10/08/2018 5:34:33 PM | Source: Reuters

India`s industrial output growth hits five-month high of 7 percent in June

Posted in Industry News| #Manufacturing Sector #IIP #Industry

NEW DELHI - India's industrial output in June grew at its fastest pace in five months to 7 percent from a year earlier, driven by a pick-up in capital goods manufacturing ahead of the festive season, government data showed on Friday.

Economists surveyed by Reuters had forecast 5.4 percent growth in output compared with a revised 3.9 percent year-on-year increase in May.

Manufacturing, which contributes 78 percent of industrial output, grew 6.9 percent in June compared with a 2.8 percent rise in May.

(Reporting by Manoj Kumar; Editing by Malini Menon)