August 12, 2011 12:19 PM

printer

Industrial growth revives to 8.8% in June

Industrial growth in the country revived moderately to 8.8 per cent in June this year on the back of a smart recovery in the manufacturing sector and better off take of capital goods. Growth in factory output, as measured in terms of the Index of Industrial Production (IIP), stood at 7.4 per cent in June last year, as per government data released today.During the first quarter (April-June) this fiscal, IIP growth stood at 6.8 per cent, as against 9.6 per cent in the corresponding three-month period last year. Output of the manufacturing sector, which constitutes over 75 per cent of the index, grew by 10 per cent in June, 2011, compared to 7.9 per cent in the same month last year.Off take of capital goods jumped by 37.7 per cent in June,2011, in comparison to a growth of merely 3.7 per cent in the previous year. Similarly, electricity production also improved, witnessing a growth of 7.9 per cent during the month under review, as compared to a growth of 3.5 per cent in June, 2010.Meanwhile, the industrial growth number for May this year has been revised upward to 5.9 per cent from the provisionalestimate of 5.6 per cent.

Most Read
View All arrow-right

No posts found.