India's factory output rises 2.5% in Sept; inflation eases
New Delhi
INDIA'S industrial production grew by a stronger-than-expected 2.5 per cent in September, according to government data released on Wednesday, boosted by consumer demand during the main religious festival season, while retail price inflation fell to a record low.
The 2.5 per cent output expansion by factories, mines and utilities in September from the same month a year ago was far higher than the 0.6 per cent forecast by financial markets.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall