India’s industrial production grew at the fastest pace in five months, underscoring the central bank’s concerns that consumer demand is stoking inflation. Stocks fell.
Output at factories, utilities and mines rose 7.3 percent in March from a year earlier after a revised 3.7 percent gain in February, the commerce ministry said in a statement in New Delhi today. The median estimate of 30 economists in a Bloomberg News survey was for a 4 percent increase.
