Industrial output rises to 6.8 percent in first quarter

Posted By: Staff
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New Delhi, Sep 11 (ANI): Country's industrial output rose 6.8 percent in July from a year earlier, in line with estimates, data showed on Friday, riding on higher demand for goods such as cars and higher mining activity.

The industrial recovery may offset for interval of agricultural production attacked by irregular monsoon and help the economy.

From April to July this year the country's industrial growth registered 4.6 percent growth compared to 5.6 percent last year.

Mining industry showed a robust growth of 9.9 percent in the month compared to 2.8 percent in July 2008.

The electricity generation expanded by 4.2 percent during the period against 4.5 percent last year.

Manufacturing output, which accounts for 80 percent of the industrial output index, also grew by 6.8 percent from a year earlier in July after an 8.0-percent rise in June

As many as 15 out of 17 industry groups registered a positive growth in July, but the capital goods sector alone performed dismally registering a mere 2 percent growth against a whopping 17.9 percent in the last year. (ANI)

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