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India's industrial output up 5 percent in February
(MENAFN) India said its industrial production grew by five percent in February, its highest rate in nine months, indicating a boost in Asia's third-largest economy, Arab News reported.
The annual jump in production by Indian factories, mines and utilities was higher than the revised 2.8 percent growth recorded in January and beat economists' expectations of 2.5-3 percent.
"The fact is the economy is still performing below potential and all indicators are suggesting that we are just at the beginning of a gradual recovery," chief economist at Indian credit rating agency Crisil said.
The annual jump in production by Indian factories, mines and utilities was higher than the revised 2.8 percent growth recorded in January and beat economists' expectations of 2.5-3 percent.
"The fact is the economy is still performing below potential and all indicators are suggesting that we are just at the beginning of a gradual recovery," chief economist at Indian credit rating agency Crisil said.
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