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Hope India's industrial growth sustains: Montek Singh Ahluwalia

Published: Friday, Dec 11, 2009, 16:44 IST
Place: New Delhi | Agency: Reuters

The deputy chairman of India's planing commission said on Friday he hoped the momentum in the country's industrial output would be sustained in coming months.

"To get a growth rate well above 10% is just not a base effect. There is an element of growth that is taking place which I hope will be sustained," Montek Singh Ahluwalia told reporters.

India's industrial output rose 10.3% in October from a year earlier, matching market forecast, helped by stimulus measures and robust domestic demand, data showed on Friday.

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