Zee Media Bureau
New Delhi: India's industrial output growth gathered pace in June and rose to 3.8 percent mainly due to a pick up in government spending.
The cumulative growth for the period April-June 2015-16 over the corresponding period of the previous year stood at 3.2 percent.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2015 recorded at 121.7, 188.4 and 184.0 respectively, with the corresponding growth rates of (-) 0.3 percent, 4.6 percent and 1.3 percent as compared to June 2014.
India's economy is expected to grow only 7.6 percent in the fiscal year ending in April 2016, compared to 7.3 percent last year, due to delays in implementing key fiscal reforms.
With Agency Inputs
