Country's industrial growth accelerated to 13.8 per cent in July from 7.2 per cent in the corresponding month last year. The rise is attributed to a 63 per cent jump in capital goods production.Among the main industry segments, manufacturing activity expanded by 15 per cent from 7.4 per cent a year ago while Mining sector grew by 9.7 per cent. However, electricity generation growth slowed down to 3.7 per cent compared to previous 4.2 per cent. Capital goods industry and consumer durable goods production witnessed the same growth as a year ago.The double-digit growth in July is commendable because industrial expansion in the previous month was revised down to 5.67 per cent from the earlier estimates of 7.1 per cent.
News On AIR | September 10, 2010 8:53 PM
Industrial growth accelerated to 13.8%