Factory output rises by 2.4 percent in May

July 12th, 2012 - 2:15 pm ICT by IANS  

New Delhi, July 12 (IANS) India’s industrial output grew by 2.4 percent in May, led by rebound in manufacturing and electricity production, government data showed Thursday.

The cumulative growth in the factory output in April-May period, measured in terms of the Index of Industrial Production (IIP), stands at 0.8 percent year-on-year.

Electricity production grew by 5.9 percent and manufacturing output increased by 2.5 percent in May, according to data released by the Central Statistics Office.

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