India's industrial output up 4.8% y/y in July
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FILE PHOTO: A worker observes an electric furnace inside a steel factory on the outskirts of Jammu February 12, 2018. Picture taken February 12, 2018. REUTERS/Mukesh Gupta/File Photo
NEW DELHI (Reuters) -India's industrial output grew at 4.8% year-on-year in July, on the back of an increased electricity output, government data showed on Thursday.
Economists polled by Reuters had expected growth of 4.7%. Industrial output rose at a revised rate of 4.7% in June.
Manufacturing output rose 4.6% in July, the same as its 4.6% rise a year ago. Electricity generation was up 7.9%, compared to an 8% rise last year, while mining activity grew 3.7% as against a 10.7% increase from last year.
For the April-July period, however, industrial output jumped 5.2%, compared to a revised 5.1% rise a year earlier.
(Reporting by Shivangi Acharya and Sarita Chaganti Singh; Editing by Eileen Soreng)
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