India’s industrial growth in February at 8.6 percentApril 11th, 2008 - 4:39 pm ICT by admin
New Delhi, April 11 (IANS) India’s industrial production grew by 8.6 percent in February 2008, compared to 11 percent in the same month the previous year. But the fall in output of consumer durables was reversed. The cumulative growth of the Index of Industrial Production (IIP) amounted to 8.7 percent for the first 11 months of the previous fiscal against 11.2 percent for the like period of the previous year, official date showed Friday.
The statistics also showed that the overall growth of industrial production in February was the highest in four months,
The manufacturing sector, that has the largest weight in the index, grew by 8.6 percent in February, against 12 percent in February 2007, while electricity generation was up 9.8 percent against 3.3 percent.
Mining output maintained its growth rate of 7.5 percent, said the data released by the Central Statistical Organisation.