India's industrial output growth quickens to 3% in March as against revised 2.7% in Feb

India's industrial output grew 3% year-on-year in March, as per government data released on Monday.

Economists polled by Reuters were expecting a growth of 3.3%. Industrial output grew at a revised 2.7% in February,
compared to the initially-released 2.9% growth.

Manufacturing output advanced 3% in March against 2.8% in the previous month, while electricity generation grew 6.3% from 3.6% in February.

Mining activity rose 0.4% from 1.6% a month ago, the data showed. Industrial output increased 4% in the April-March period, slowing down from 5.9% in the year-ago period.