Driven By Manufacturing, India’s Industrial Output Grew 8.4 Per Cent In November

A factory (Manoj Patil/Hindustan Times via Getty Images) 

India’s industrial output grew 8.4 per cent in November 2017, data released by the Central Statistics Office shows, according to Bloomberg.

This is the fastest the index of industrial production rose in 19 months, the report says, noting that the industrial output last rose faster than November 2017 in March 2016 at around 9.8 per cent.

According to the report, the rise was driven by manufacturing growth. The manufacturing sector grew 10.2 per cent in November, compared with 4.8 percent in November 2016.

Earlier, in a poll conducted by Bloomberg, economists had suggested the industrial production would grow at 4.4 percent on a year-on-year basis.