New Delhi: Industrial production grew by a
whopping 10.4 percent in August on the back of double-digit
growth in mining, manufacturing and electricity sectors.
Factory production had expanded by 1.7 percent in the
same month last year.
The impact of stimulus measures was evident as
manufacturing grew by 10.2 percent, electricity by 10.6 per
cent in August.
The mining sector clocked a robust growth of 12.9 percent in the month under review.
The consumer durables sector, which showed negative
growth for past many months, grew robustly by 22.3 percent in
August against a mere 3.9 percent in the same month last
year.
For the first five months of this fiscal, industrial
growth stood at 5.8 percent against 4.3 percent in
April-August year ago.
Industrial production for July was revised upwards to 7.2
percent from 6.8 percent estimated earlier.
Analysts said industrial growth is expected to be
statistically higher in later part of this fiscal due to
low-base effect as the factory growth slowed down considerably
in the second half of the last fiscal due to the global
slowdown.
Bureau Report
First Published: Monday, October 12, 2009, 14:26