July industrial output grows 3.3%, but trails view

New Delhi: India’s industrial output in July rose a much-lower-than expected 3.3 percent from a year earlier, government data showed on Monday.

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The median forecast in a Reuters poll was for an annual rise of 6.2 percent. Industrial output growth for June remained unchanged at 8.8 percent, the statistics office said in a statement.

Manufacturing output, which constitutes about 76 percent of the industrial production, rose an annual 2.3 percent in July.

During April-July, industrial output expanded 5.8 percent. Output had grown 7.8 percent in the 2010/11 fiscal year that ended in March, slower than 10.5 percent clocked in the previous fiscal year.

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Reuters