Industry production surges 16.7pc in Jan 2010

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Industry production surges 16.7pc in Jan 2010
New Delhi, Mar 12: Led by the manufacturing sector once again, the Index of Industrial Production (IIP) has shown a growth of 16.7 per cent in Jan 2010.

The manufacturing sector grew by 17.9 per cent as against the meagre 1 per cent in Jan 2009. Manufacturing, which is a measure of factory output in the country, accounts for 80 per cent of the IIP.

Capital goods posted a whopping growth of 56.2 per cent in Jan 2010 against 15.9 per cent in Jan 2009, while consumer durables segment surged 31.6 per cent versus 2.1 per cent.

Dec 2009 IIP data has been revised up to 17.6 per cent from estimate of 16.8 per cent.

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