Industrial output grew at the fastest pace in 25 months to 8.4 per cent in November, according to government data released on Friday. Economists surveyed by Reuters had forecast 4.4 per cent growth in output, compared with a downwardly revised 2.0 percent year-on-year increase in October. Separately, annual retail inflation accelerated in December to a 17-month high of 5.21 percent, government data showed on Friday, mainly driven by faster rises in prices of food and fuel products. Analysts polled by Reuters had forecast December's CPI inflation to rise to 5.10 per cent from November's 4.88 per cent.
Strong growth in manufacturing helped push up industrial growth in November. Manufacturing grew 10.2 per cent against 2.5 per cent in October. Mining grew at 1.1 per cent in November while electricity grew at 3.9 per cent.