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India's March industrial output up 3.0 pct y/y

Posted by Admin
Mon May 12 00:42:22 PDT 2008

NEW DELHI, May 12 (Reuters) - India's industrial output <INIP=ECI> rose 3.0 percent in March from a year earlier, slowing from the previous month's unrevised 8.6 percent, data showed on Monday.

The figure was sharply below a forecast for growth of 6.2 percent in a Reuters poll of economists. Output growth has fallen from double-digit levels seen last year as tight monetary policy and a strong rupee clipped demand.

Manufacturing production <INMFG=ECI> rose 2.9 percent in March from a year earlier, compared with 8.6 percent in February.

Industrial output rose 8.1 percent in 2007/08 (April-March) compared with 11.6 percent in 2006/07.

(Reporting by Surojit Gupta, Editing by Charlotte Cooper)

Provided by  Reuters

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RE: India's March industrial output up 3.0 pct y/y
By ajay Posted on Wed May 14 02:46:10 PDT 2008
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