India's industrial output rose 4 percent during August, marking the second consecutive month of gains, according to government statistics released on Monday. The Index of Industrial Production showed mining activities jumped 6 percent after monsoon disruptions ended, and manufacturing expanded 3.8 percent during the same period. Basic metals led sector advances with 12.2 percent growth, while motor vehicle production climbed 9.8 percent compared with August of last year.
Capital goods manufacturing increased 4.4 percent, signaling business investment in factory equipment, and consumer durable production grew 3.5 percent as household incomes rose. Infrastructure development surged 10.6 percent on the strength of highway, railway, and port construction projects. Electricity generation improved to 4.1 percent growth from July's modest 0.6 percent gain.
Capital goods manufacturing increased 4.4 percent, signaling business investment in factory equipment, and consumer durable production grew 3.5 percent as household incomes rose. Infrastructure development surged 10.6 percent on the strength of highway, railway, and port construction projects. Electricity generation improved to 4.1 percent growth from July's modest 0.6 percent gain.
