Thursday, June 12, 2008

Industrial output bounces back to 7% in April

India's industrial output rose 7.0 per cent in April from a year earlier, rebounding strongly from the previous month's provisional 3.0 per cent, data showed on Thursday.

Output growth has fallen from double-digit levels seen early last year as tight monetary policy and a strong rupee clipped demand.

Manufacturing production rose 7.5 per cent in April from a year earlier, compared with a provisional 2.9 per cent in March.

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

Shakti

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