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India’s industrial output grew at a steady pace in March. The Index of Industrial Production grew 3%, according to data published by the Ministry of Statistics and Programme Implementation on Monday.
A Bloomberg estimate projected India’s factory activity to rise by 3.3%.
The revised IIP growth rate for February was 2.9% and for January was 5%.
Electricity production surged by 6,3%, as against 3.6% in the preceding month. Manufacturing activity, that comprises the largest component of the index, expanded on an annual basis by 3%, compared to 2.9% in the preceding month.
Mining slowed to 0.4%, versus a 1.6% increase in February.
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