Eye on festive demand as manufacturing drives August industrial output 8% higher
India's industrial output rose 8% in August year-on-year, driven by a 9% increase in manufacturing. Durable goods production surged 11.1%, but non-durable goods grew only 2.1%. Chief Economist Rajani Sinha noted that this robust performance aligns with GDP growth and other economic indicators, suggesting resilience amid global uncertainties and high energy prices.