India Industrial Output Grows 4.9 Percent in April
India's industrial output rose 4.9% in April according to the first data released under a new series using 2022-23 as the base year. While manufacturing and capital goods showed resilience, mining activity fell 5.1% as energy costs and supply disruptions from the Iran war impacted the economy.
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India industrial output grew 4.9% in April, the first reading under a revised data series with 2022-23 as the base year. The figure beat Reuters poll expectations of 3.9% growth. The latest print cannot be compared with the 4.1% growth in March due to the base-year series change.