Business

India's May industrial output rises 29.3per cent year-on-year

India's industrial output rose 29.3per cent in May from a year earlier, government data showed on Monday.

A worker observes an electric furnace inside a steel factory on the outskirts of Jammu
FILE PHOTO: A worker observes an electric furnace inside a steel factory on the outskirts of Jammu February 12, 2018. REUTERS/Mukesh Gupta

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NEW DELHI: India's industrial output rose 29.3per cent in May from a year earlier, government data showed on Monday.

Analysts polled by Reuters had expected a rise of 32per cent in May. The sharp rise was due to base effects as the country was under a strict lockdown during the same period last year.

(Reporting by Aftab Ahmed and Manoj Kumar; Editing by Gareth Jones)

Source: Reuters