India industrial output rises by 11.5pc
Tuesday, 13 July 2010
NEW DELHI, July 12 (Commodity Online): India's industrial output rose by 11.5 per cent in May, growing in double digits for the eighth straight month.
According to official reports, the manufacturing segment, which constitutes around 80 per cent of the index of industrial production, grew 12.3 per cent in May against 1.8 per cent in same month last year.
In comparison, industry grew by 2.1 per cent in May last year. capital goods production rose by 34.3 per cent in May against a negative growth rate of 3.6 per cent a year ago.
Consumer durables output rose by 23.7 per cent during the month under review against 13.2 per cent in the same period last year.
The other two sectors, mining and electricity, expanded by 8.7 per cent and 6.
According to official reports, the manufacturing segment, which constitutes around 80 per cent of the index of industrial production, grew 12.3 per cent in May against 1.8 per cent in same month last year.
In comparison, industry grew by 2.1 per cent in May last year. capital goods production rose by 34.3 per cent in May against a negative growth rate of 3.6 per cent a year ago.
Consumer durables output rose by 23.7 per cent during the month under review against 13.2 per cent in the same period last year.
The other two sectors, mining and electricity, expanded by 8.7 per cent and 6.