India’s industrial production growth improves in June

August 12th, 2008 - 2:27 pm ICT by IANS  

New Delhi, Aug 12 (IANS) India’s industrial production growth rate improved slightly to 5.4 percent this June from 3.8 percent in May, the government said here Tuesday. The growth rate, however, is far lower than the 8.9 percent growth registered in the corresponding period in the last financial year.

The index of industrial production (IIP), released by the Ministry of Statistics and Programme Implementation, put the cumulated industrial growth at 5.2 percent during April-June in the current fiscal, as compared to 10.3 percent in the corresponding period last year.

In June, mining, manufacturing and electricity sectors grew 2.9 percent, 5.9 percent and 2.6 percent respectively.

Save for the mining sector, which had grown 1.5 percent in June last fiscal, the other two sectors showed a drop in growth rate.

According to the official data, the mining sector registered a 4.7 percent growth rate during April-June in the current fiscal against 2.7 percent in the last fiscal, while the manufacturing sector logged only 5.6 percent growth as compared to 11.1 percent in the same period last year.

The electricity sector also showed a declining growth trend by logging only two percent growth in April-June in the current fiscal against 8.3 percent in the last corresponding period.

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