Labor & Economic News Blog


Wednesday, June 13, 2007

World Business Briefing: India: Industrial Output Exceeds Forecasts

World Business Briefing: India: Industrial Output Exceeds Forecasts
Helped by robust manufacturing, India’s industrial output rose a stronger-than-expected 13.6 percent in April from a year earlier, the government said. But the numbers heightened concerns that the Indian economy might be overheating, growing faster than the pace that can be sustained. It also fueled fears that the central bank might increase lending rates and take steps to restrain money supply growth to cool the economy. While the April growth was slower than the 14.5 percent rise in March, it was stronger than the 11 percent expansion forecast by economists polled by Dow Jones Newswires. The April data showed manufacturing expanded 15.1 percent in April, while electricity generation grew 8.7 percent from a year ago. Mining output rose 3.4 percent.

 



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