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Summary ugust's uptick was the biggest rise in industrial output since February, according to FactSet.
Industrial production in India rose 2.7 percent in August, more than expected on a rebound in mining activity, though investment still appears weak.Markets took the news in stride Friday, suggesting that investors believe the numbers will have little impact on whether the central back decides to cut interest rates when it meets later this month.Mining output rose 2.0 percent, marking a turnaround from a 5.5 percent contraction a year earlier. Manufacturing rose 2.9 percent and electricity output increased 1.9 percent from the year before.Production of capital goods a sign of investment in physical assets such as machineryslid 1.7 percent.The government also revised its July data, saying output contracted 0.2 percent, down from its earlier estimate of 0.1 percent growth.Augusts uptick was the biggest rise in industrial output since February, according to FactSet.
