Economy

xchrom

(108,903 posts)

11. India factory output rises by 6.8%, easing growth fears

Mon Mar 12, 2012, 08:18 AM

Mar 2012

http://www.bbc.co.uk/news/business-17336116

India's industrial production grew by 6.8% in January from a year earlier, easing concerns about a slowdown in its economy.

The growth was led by an 8.5% expansion in the manufacturing sector.

This comes just days after data showed India's economy grew by 6.1% in the last three months of 2011, its weakest pace in nearly three years.

A global slowdown and a series of interest rate rises aimed at reining in high prices have hurt India's growth.

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