India’s September industrial output rises 4% y/y

India’s industrial production climbed 4% year-on-year in September, driven by a 4.8% rise in manufacturing, strong growth in consumer durables at 10.2%, and a 4.7% bounce in capital goods. Mining output dipped 0.4%, and non-durables declined 2.9%. The data beat market expectations of roughly 3% growth and suggests resilience in industrial activity despite global headwinds and slowing global growth momentum.