India's industrial output surges 7.8pc in June

Posted By: Staff
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New Delhi, Aug 12: According to the official data released on Wednesday, Aug 12 India's industrial output surged 7.8 pc in June 2009 versus the same period in 2008.

The faster than expected growth was led by higher demand for consumer goods and increased mining activity.

The figures have raised for three straight months now and this is the highest output recorded since Feb 2008.

While the output of consumer durable goods such as home appliances went up by 15.5 per cent (YoY), the infrastructure sector grew 6.5 per cent from a year earlier.

On a negative note, exports fell an annual 27.7 per cent in June to 12.8 billion dollars. This sector has seen a downward trend since nine months.

The country's output figures fell due to the economic crisis in Dec 2008, Feb 2009, March 2009. However, experts predicted that the production and output scene in the country would improve by Jun 2009.

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