By IANS
New Delhi : Industrial production in India has risen to an annual 7.6 percent in December because of a spurt in manufacturing, official data showed Tuesday.
The country’s Central Statistical Organisation (CSO) said in a statement that the cumulative growth for April-Dec 2007-08 stood at 9 percent over the corresponding period of the previous year.
As many as 13 out of 17 industry groups in the index of industrial production registered positive growth during Dec 2007 as compared to the corresponding month of the previous year.
The rise in industrial growth in Dec, however, was still below the double-digit growth clocked in the first half of 2007.
Manufacturing, which accounts for 15 percent of gross domestic product, rose 8.4 percent in December from a year earlier, compared to downwardly revised growth of 5 percent in November.
Consumer goods output rose an annual 8.7 percent, and capital goods grew at 16.6 percent compared to the same period the previous year.
The industrial growth rate for November 2007 has been revised downwards to 5.1 percent from 5.3 percent, CSO said.