Industrial output growth slows to 2.1 per cent YoY in March

India's annual industrial output growth slowed to 2.1 per cent in March, government data showed on Tuesday.

Analysts polled by Reuters were expecting the output to grow 2.8 per cent compared with a provisional 5.0 per cent annual growth in February.

According to the data released by the government after market hours on Tuesday, consumer non-durables output fell to 1.9 per cent in March compared to 10.7 per cent in February while the consumer goods output stood at -0.7 per cent for March.

The intermediate goods output was at 1.9 per cent in March compared to 1.1 per cent in February.

While the mining sector output was at 0.9 per cent in March, electricity sector output was at 2 per cent during the month under review as compared to 5.9 per cent in February.

Basic goods output was at 2.3 per cent in March as compared to 5 per cent in February.

(With inputs from Reuters)