India: Industrial production growth accelerates in February
Industrial production increased 4.5% in February compared to the same month a year earlier, up from January’s revised 2.1% increased (previously reported: +2.0% year-on-year).
February’s improved reading was due to a faster increase in manufacturing output, which accounts for the bulk of industrial production. In addition, output of mining and electricity increased quickly. By use, industrial production was particularly boosted by a sharp rise in intermediate goods production.
Annual average growth in industrial production accelerated to 1.1% in February from 0.7% in January.