Lifted by output of basic metals and electrical equipment, India's index of industrial production rose 5.0% on year in January, accelerating from the 3.2% on-year growth logged in December, reported the National Statistics Office (NSO) on Wednesday
By major sector, India's mining output in January grew by 4.4% on year, and that of manufacturing by 5.5%, and electricity by 2.4%.
Of 23 industrial sub-sectors measured, 19 expanded on year in January, reported the NSO.
In India, the output of basic metals, a large sub-sector, rose 6.3% on year in January, while production of coke and refined petroleum products rose 8.5% on year.
The manufacture of electrical equipment rose 21.7% on year in January, while output of certain types of transport equipment rose 20.4% on year, added the NSO.
Measured by end-use, the output of primary goods rose 5.5% on year in January, while that of capital goods rose 7.8%.
There was a 5.2% rise in the production of intermediate goods, and a 7% on-year boost in the output of infrastructure-construction goods in the month.
India's output of consumer durables rose 7.2% on year in January while production of non-durables fell a modest 0.2%, reported the NSO.
The outlook for India's industrial sector is generally good, if recent government economic forecasts are on target.
At a policy meeting in February, the Reserve Bank of India forecast India's gross domestic product (GDP) would expand by 6.7% on year in fiscal 2025-6, starting April 1.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.