WebSify
Follow us on
Mail
Print

Industrial output in August grows 2.7 percent

Source : IANS
Last Updated: Fri, Oct 12, 2012 08:30 hrs

New Delhi, Oct 12 (IANS) India's industrial production rose 2.7 percent in August from a year earlier as manufacturing and mining sectors grew, government data showed Friday.

According to data released by the Central Statistical Office (CSO), there was rebound in manufacturing, mining and electricity sectors.

The manufacturing output, which has a 75.5 percent weight in the index of industrial production (IIP), grew 2.9 percent from a year earlier in August, after falling 0.2 percent in July.

The sector did surprisingly well in spite of facing weak demand in both foreign and domestic markets.

Mining output grew 2.00 percent as against a fall of 0.7 percent in July.

The electricity sector too recorded growth. The sector grew by 1.9 percent. The electricity production grew by 2.8 percent in July.

Growth was also witnessed in basic goods (1.5 percent), consumer durables (1.4 percent) and consumer non-durables (0.1 percent).

According to the CSO, telephone instruments, antibiotics, carbon steel, conductor, aluminium, air conditioner, tea, boilers, plastic manufacturing machinery and aerated waters and soft drinks industries grew at a brisk pace.

-- Indo-Asian News Service

rv/srj/vt



blog comments powered by Disqus
most popular on facebook
talking point on sify news