India Industry October 2018

India: Industrial production growth accelerates in October

Annual industrial production increased 8.1% in October, up from 4.5% in September. The uptick was driven by stronger output growth in the electricity sector and the manufacturing sector, which represents nearly 80% of total industrial production in India. Moreover, mining output surged in October after growing only very slowly in September.

On a use-based classification, industrial production in October was supported by strong output growth of consumer-durable, infrastructure and capital goods. Production of consumer non-durable and primary goods also increased quickly in October, while output of intermediate goods only rose modestly.

India Industrial Production Forecast

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