New Delhi: Industrial output growth surged 2.5 per cent in March compared to a contraction of 2.8 per cent in same month last year, government data showed on Friday. The figures are higher than the February data when it stood at 0.6 per cent.
Industrial output grew at a meagre rate of one per cent in 2012-13 compared to 2.9 per cent in the previous fiscal.
The industrial output, as measured by the Index of Industrial Production (IIP), had increased 2.4 per cent in January against a contraction of 0.6 per cent, which at that time had given indication of a revival.
Manufacturing, which constitutes about 76 per cent of industrial production, grew 3.2 per cent from a year earlier, the statistics office said. Capital goods production, a barometer for investments in the economy, grew an annual 6.9 per cent from a year earlier. In the April-March period, industrial production expanded an annual 1.0 per cent.
With Additional Inputs from Reuters