Showing signs of recovery, the country's industrial output rose 2.5 per cent in March this year, on better performance of the manufacturing, power and capital goods sectors. Industrial production had contracted 2.8 percent in March last year.The manufacturing sector, which constitutes over 75 percent of the Index of Industrial production, grew 3.2 per cent in March this year, according to official data released today. Power generation grew 3.5 per cent in March, and capital goods output rose 6.9 percent during the month.But factory output measured in terms of the index of industrial production grew just one per cent in the 2012-13 fiscal, compared to a growth of 2.9 per cent in the previous fiscal.
News On AIR | May 10, 2013 1:34 PM
Industrial output shows signs of recovery; Rises 2.5% in March