India’s industrial production picked up by 2 percent in September over the previous year, the government said Tuesday. The expansion in output was a welcome sign of life for Asia’s third-largest economy, which has been growing at its slowest pace in a decade.
The growth was led by a 12.9 expansion in electricity but showed an anemic manufacturing uptick of just 0.6 percent. The mining sector was up 3.3 percent.
Weak demand has been tamping down industrial output in India as inflation combined with weak growth and a falling rupee make consumers reluctant to spend.
September’s Index of Industrial Production numbers were stronger than the previous month’s combined expansion of just 0.6 percent.
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