News »Browse Articles » Industry grows at fastest pace in 22 months

New Delhi: Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a 10.4 percent growth in August over the same month last year.

Manufacturing production rose 10.2 percent in the month, as per the data on the index of industrial production released by the Central Statistical Organisation here.

The annual industrial growth rate for July was revised to 7.2 percent from 6.8 percent reported earlier.

The data showed that while mining output was up 12.9 percent, that for electricity rose 10.6 percent. Output of capital goods and consumer goods sectors expanded respectively by 8.3 percent during the period.

According to figures available, the industrial output in 2008-09 fiscal rose 2.6 percent, down from an 8.5 percent growth the year ago.

Source:
http://www.siliconindia.com/shownews/Industry_grows_at_fastest_pace_in_22_months

No Comments For This News

Post a link to something interesting from another site, or submit your own original writing for the JOSO community to read.