Industrial growth slips to single digit
Industrial growth slips to single digit
Aug 12: Snapping an eight-month trend of double-digit rise, industrial growth slowed to 7.1 per cent in June, this year, from 8.3 per cent in the same month a year ago.
Growth in manufacturing, which constitutes around 80 per cent of the Index of Industrial Production, fell to 7.3 per cent, from 8 per cent a year ago, according to government data released today.
Electricity generation expanded 3.5 per cent, from 8 per cent in June 2009. Mining expanded 9.5 per cent, compared to 14.2 per cent a year ago. But consumer durables grew a strong 27.4 per cent, against 16.2 a year ago.
As many as 13 out of 17 industries posted positive growth in June. But despite a slowdown in June, factory output still expanded by a robust 11.6 per cent in the first quarter of this year, against 3.9 per cent growth in the year-ago period.
And the industrial growth figure for May was revised downwards to 11.35 per cent, from the 11.5 per cent estimated earlier.
