HomeNewsBusinessEconomyIndustrial output at 6.3% disturbing: Pranab Mukherjee

Industrial output at 6.3% disturbing: Pranab Mukherjee

India's industrial output in April rose 6.3% from a year earlier, government data showed on Friday.

June 10, 2011 / 12:45 IST
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India's industrial output in April rose 6.3% from a year earlier, government data showed on Friday.


Manufacturing output , which constitutes about 80% of the industrial production, rose an annual 6.9%, the federal statistics office said in a statement.
Finance Minister Pranab Mukherjee said that India's industrial output growth in April is disturbing.
The data was the first of a new series with a different base year of 2004/05, new components and weightings.
Under the old series, annual industrial output growth in April was 4.4% compared with a median forecast for a 5.5% rise in a Reuters poll.
Industrial output grew 7.8% in the 2010/11 fiscal year that ended in March, slower than 10.5% clocked in the previous fiscal year.
first published: Jun 10, 2011 12:00 pm

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