India's July factory output grows at 4.3%

New Delhi: India's factory output growth rate accelerated in July by 4.3 per cent from a rise of 1.17 per cent reported for June, official data showed on Thursday.

However, on a year-on-year (YoY) basis, July 2019 factory output growth rate was lower than the 6.5 per cent achieved during the corresponding month of the previous fiscal.

"The cumulative growth for the period April-July 2019 over the corresponding period of the previous year stands at 3.3 per cent," the 'Quick Estimates' of Index of Industrial Production for July said.