India`s industrial output growth in the fiscal year to March 2010 will be higher than 2.6 percent recorded in 2008/09, a top policy adviser said on Tuesday.
A year since this century`s worst
financial crisis choked industrial activity, India`s factory
production expanded by 10.3 percent in October fuelling hopes
that it would power the economy ahead.
India`s industrial output rose 10.4 percent in August from a year earlier, higher than estimates.
FM Pranab Mukherjee exuded confidence that economy will pick up during the 2nd half of current fiscal.
Factory productions expanded at a greater pace for the second month in a row growing by 6.8 percent in July against 6.4 percent a year ago, signalling an industrial recovery.
Industrial production in Spain fell 17.4 percent in July compared with the same month in 2008, the National Statistics Institute has said.
Industry output grew by 7 per
cent in July, the same as during the corresponding month last
year, indicating that decline in factory production has been
by and large arrested.
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