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and half in June, official data showed Wednesday in a sign that
Asia's third- biggest economy is emerging from a downturn.
Industrial production increased 7.8 per cent from a year earlier in
June, after a 2.2-per cent rise in May, data from the Central
Statistical Organisation showed. The rate of expansion was the
highest since February 2008 when industrial output had risen 8.6 per
cent. The manufacturing sector, which accounts for two-thirds of
industrial production, showed growth of 7.3 per cent in June, while
output of durable consumer products rose 15.5 per cent and capital
goods by 11.8 per cent. 'The capital goods and manufacturing goods
numbers point to a momentum building up,' said A Prasanna, an
economist at ICICI Securities Primary Dealership, quoted by Dow Jones
Newswires.
