The factory output had grown by 0.5 percent in August last year.
Industrial output, measured in terms of the Index of Industrial Production (IIP), was at 4.1 per cent in the April-August period against 3 per cent in the year-ago period, the data released by the Central Statistics Office (CSO) today showed.
The index grew at 8.4 per cent in October, 2012. After that, it has touched the highest level of 6.4 percent in August. The IIP growth for July has been revised slightly downwards to 4.1 percent from provisional estimate of 4.2 percent last month.
The manufacturing sector, which constitutes over 75 percent of the index, grew by 6.9 percent in August, 2015 against a contraction of 1.1 per cent in the same month last year.
During April-August period, manufacturing sector grew at 4.6 percent as compared to 2 percent growth in same period a year ago.
The mining sector growth was at 3.8 percent in August against 1.2 percent in the same month last fiscal. During April-August period, the sector grew at 1.2 percent. The output of capital goods, a barometer of investment, grew at an impressive rate of 21.8 percent as against a contraction of 10 per cent in the same month last year.
During April-August, the capital goods output grew by 7.4 percent as compared to 4.8 percent in the year-ago period.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
This Festive season light your days with The Deltin, Daman
Kashmakash – Hungama Play’s upcoming anthology show on moderncrimes in India
Starbucks X – Launch Of Limited-Edition Merchandise With Renowned International Designer, Rachel Zoe
Indian Chemical Council flags concerns regarding need to safeguard Indian Chemical industry with product-specific ‘Rules of Origin’ under the RCEP negotiations
FADA releases September’19 Vehicle Registration Data
2014 The Global Indian New Network (TGINN)