India's industrial production accelerates to 5.7pc in Feb


New Delhi, April 12 (IANS): The growth rate of India's industrial output accelerated to 5.7 per cent in February after having slowed to 3.8 per cent in January, data released by the Ministry of Statistics on Friday showed.

The manufacturing sector, which provides jobs to young engineers and graduates passing out of the country's universities, posted a 5 per cent growth rate during the month.

The mining sector production shot up by 8 per cent in February while electricity generation grew by 7.5 per cent.

Figures based on user-based classification showed that the output of consumer durables such as refrigerators, washing machines, and TVs posted a robust double-digit growth of 12.3 per cent which also appears to be a positive sign of demand for these goods picking up in a growing economy.

The output of capital goods, which comprise machines that produce goods and thus reflect the real investment taking place in the economy, posted a 1.2 per cent growth for the month.

 

  

Top Stories


Leave a Comment

Title: India's industrial production accelerates to 5.7pc in Feb



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.