Giving a clear indication of industrial revival, factory output grew by 6.8 per cent in July this year, more than 6.4 per cent in the same month a year ago.
The industrial recovery may offset for slackening of agricultural production being impacted by erratic monsoon and help the economy clock a reasonable growth in the second quarter.
For the first four months of this fiscal, the industry grew by 4.6 per cent compared with 5.6 per cent a year ago.
The manufacturing sector, which constitutes around 80 per cent in the industrial production, grew by 6.8 per cent in July against 6.9 per cent in the same month last year. Mining output grew robustly by 9.9 per cent (2.8 per cent). The electricity gener ation expanded by 4.2 per cent during July against 4.5 per cent in same month last year and consumer durables sector expanded rapidly by 19.8 per cent (13.9 per cent).
Only capital goods sector performed dismally, clocking a mere 2 per cent growth against a whopping 17.9 per cent the year ago period.
As many as 15 out of 17 industry groups registered a positive growth in July. For the second month in a row, the industry performed exceedingly well after hit hard by deepening global financial crisis in the middle of September last year.
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