forex newsIndia’s Industrial Output Growth Slows In May

India’s Industrial Output Growth Slows In May

India’s industrial production grew at a slower pace in May, data from the Central Statistics Office showed Thursday.

Industrial output climbed 3.2 percent annually in May, which was slower than the 4.4 percent increase economists had forecast and about 4.8 percent rise logged in April.

Among sub-sectors, mining logged the biggest annual growth of 5.7 percent. Electricity output gained 4.2 percent and manufacturing grew 2.8 percent.

During April to May, industrial production increased 4 percent from the corresponding period of last year.

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