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Tuesday, January 12, 2010

November industrial output up 11.7 y/y - govt


NEW DELHI (Reuters) - India's industrial output rose at a faster-than-expected 11.7 percent in November from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Tuesday.
The median forecast in a Reuters poll was for an annual rise of 10 percent.

Manufacturing production rose 12.7 percent in November from a rise of 2.7 percent a year earlier.

The final figure for October's annual industrial growth rate was unchanged at 10.3 percent.

Industrial output rose 2.6 percent in the 2008/09 fiscal year (April-March), slower than 8.5 percent in 2007/08 as the global economic downturn hit Asia's third-largest economy.