Industry grows by 11.50% in May

Industrial output rose by 11.5 percent in May, growing in double digits for the eighth straight month, on good showing by manufacturing, particularly capital and consumer goods.

Last Updated: Jul 12, 2010, 11:44 AM IST

New Delhi: Industrial output rose by 11.5 percent in May, growing in double digits for the eighth straight month, on good showing by manufacturing, particularly capital and consumer goods.

In comparison, industry grew by 2.1 percent in May last year.

The manufacturing segment, which constitutes around 80 percent of the index of industrial production (IIP), grew 12.3 percent in May against 1.8 percent in same month last year, according to the official data released on Monday.

Within manufacturing, capital goods production rose by 34.3 percent in May against a negative growth rate of 3.6 percent a year ago.

Consumer durables output rose by 23.7 percent during the month under review against 13.2 percent in the same period last year.

The other two sectors, mining and electricity, expanded by 8.7 percent and 6.4 percent in May, respectively against a growth rate of 3.4 percent and 3 percent in the same period last year.

According to the data, of the 17 industries, as many as 15 showed positive growth in May.

The industrial output for April was revised downwards to 16.52 percent from provisional figures of 17.6 percent earlier.

PTI