India’s industrial production grew unexpectedly in December driven by manufacturing and mining output, data from the statistics ministry showed on Friday.
Industrial production grew 1 percent on year, confounding expectations for a drop of 0.2 percent. Production was down by revised 2.1 percent in November.
In the same period last year, industrial production advanced 0.4 percent.
An increase of 1.6 percent in manufacturing and a 5.1 percent rise in electricity offset the 4.8 percent decline in mining in December.
During April to December, industrial production logged an annual fall of 13.5 percent.
The material has been provided by InstaForex Company – www.instaforex.com