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India's industrial output expands 2.5 percent in September
(MENAFN) According to government data released, India's industrial production expanded stronger-than-expected by 2.5 percent in September, The Peninsula Qatar reported.
The 2.5 percent output expansion by factories, mines and utilities in September from the same month a year ago was far higher than the 0.6 percent forecast by financial markets.
The production figures were good news for the right-wing government of Prime Minister who took office in May following a landslide election win on pledges of reviving growth in Asia's third-largest economy.
India's economy has posted two years of sub-five-percent growth, marking the longest slowdown in a quarter-century. But separate data showed that India's inflation had slowed to a record-low to 5.52 percent.
The 2.5 percent output expansion by factories, mines and utilities in September from the same month a year ago was far higher than the 0.6 percent forecast by financial markets.
The production figures were good news for the right-wing government of Prime Minister who took office in May following a landslide election win on pledges of reviving growth in Asia's third-largest economy.
India's economy has posted two years of sub-five-percent growth, marking the longest slowdown in a quarter-century. But separate data showed that India's inflation had slowed to a record-low to 5.52 percent.
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