positive
India’s September industrial output rises 4% y/y
India’s industrial production climbed 4% year-on-year in September, driven by a 4.8% rise in manufacturing, strong growth in consumer durables at 10.2%, and a 4.7% bounce in capital goods. Mining output dipped 0.4%, and non-durables declined 2.9%. The data beat market expectations of roughly 3% growth and suggests resilience in industrial activity despite global headwinds and slowing global growth momentum.
Tags:
- economy
- India
Explore:Mutual Fund Categories
positive
India’s September industrial output rises 4% y/y
India’s industrial production climbed 4% year-on-year in September, driven by a 4.8% rise in manufacturing, strong growth in consumer durables at 10.2%, and a 4.7% bounce in capital goods. Mining output dipped 0.4%, and non-durables declined 2.9%. The data beat market expectations of roughly 3% growth and suggests resilience in industrial activity despite global headwinds and slowing global growth momentum.
Tags:
- economy
- India
Explore:High Return Equity Mutual Fund
1 min read
60 words
India’s industrial output rose 4 % in September, beating estimates and showing strength in manufacturing and durables.
India’s industrial production climbed 4% year-on-year in September, driven by a 4.8% rise in manufacturing, strong growth in consumer durables at 10.2%, and a 4.7% bounce in capital goods. Mining output dipped 0.4%, and non-durables declined 2.9%. The data beat market expectations of roughly 3% growth and suggests resilience in industrial activity despite global headwinds and slowing global growth momentum.
India’s industrial production climbed 4% year-on-year in September, driven by a 4.8% rise in manufacturing, strong growth in consumer durables at 10.2%, and a 4.7% bounce in capital goods. Mining output dipped 0.4%, and non-durables declined 2.9%. The data beat market expectations of roughly 3% growth and suggests resilience in industrial activity despite global headwinds and slowing global growth momentum.
Tags:
- economy
- India
- economy
- India
- industrial output
- manufacturing