Industrial production grows 11.7 percent

By IANS,

New Delhi : Helped by sustained domestic demand, India’s industrial production grew at a better-than-expected 11.7 percent in November compared to 2.5 percent in the corresponding month last year, as per official figures released Tuesday.


Support TwoCircles

Total growth of industrial production during the first eight months this fiscal stood at 7.6 percent, as against 4.1 percent during the like period last year, data released by the Central Statistical Organisation showed.

Manufacturing, the major constituent of the index, was up 12.7 percent in November, as against 2.7 percent in the like month last year, while mining and power generation grew 10 percent and 3.3 percent in the period under review.

The consumer durables sector expanded 37.3 percent, the data showed.

“In terms of industries, as many as 14 out of the 17 industry groups have shown positive growth during the month of November 2009 as compared to the corresponding month of the previous year,” the government said in a statement.

SUPPORT TWOCIRCLES HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE