STOCK MARKET BSE NSE

Industrial Output Growth at 5-yr High of 9.8 pc in Oct

Seveenteen out of 22 industry groups in the manufacturing sector have shown positive trend

Published: 12th December 2015 04:44 AM  |   Last Updated: 12th December 2015 04:44 AM   |  A+A-

NEW DELHI: The country’s industrial output grew its fastest in almost five years at 9.8 per cent led by growth in manufacturing and electricity sectors, which grew 10.6 per cent and 9 per cent, respectively, according to the official data released on Friday.

The index of industrial production (IIP) rose 9.8 per cent during the month, compared with 3.8 per cent in September (revised from 3.6 per cent). “In terms of industries, 17 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of October 2015 as compared to the corresponding month of the previous year,” an official release said on Friday.

Industrial.jpgDuring the first seven months of the current financial year, IIP rose 4.8 per cent, compared with 2.2 per cent in the corresponding period of last financial year.

In October, manufacturing rose 10.6 per cent, electricity nine per cent, and mining 4.7 per cent. The rise was mainly because of high 42.2 per cent growth seen in consumer durables, and 16.1 per cent expansion in capital goods.

Indranil Pan, chief economist, IDFC says, “the uptick in the number led by the capital goods sector, which is seeing an upward trend on back of government spending.

Meanwhile, for November the number would come in lower at around 4.5-5 per cent because of loss of production seen in the month due to festival and some impact of Chennai floods on production, which could also flow through into December number.”

Manufacturing grew 9.3 per cent, compared with 7.2 per cent in the previous quarter, and 7.9 per cent in the same period last year.

While capital goods production rose 16.1 per cent in the month, the overall growth in consumer goods was 18.4 per cent. Among consumer goods, it was the consumer durables production that rose a sharp 42.2 per cent on year.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp