Manufacturing lifts India's November industrial output higher

New Delhi (IANS): Higher production in the manufacturing sector, especially of capital goods and consumer durables, accelerated India's industrial output to 8.1 percent in October from a rise of 4.46 percent in September and 1.8 percent during the corresponding period of the previous fiscal, official data showed on Wednesday.

"The cumulative growth for the period April-October 2018 over the corresponding period of the previous year stands at 5.6 percent," the 'Quick Estimates' of IIP released by the Ministry of Statistics and Programme Implementation said.

On a YoY (year-on-year) basis, the manufacturing sector's output expanded at 7.9 percent, while mining production edged-up by 7 percent and the sub-index of electricity generation increased by 10.8 percent.

Among the six use-based classification groups, the output of primary goods which has the highest weightage of 34.04 grew by 6 percent. The output of intermediate goods, which has the second highest weightage, inched up by 1.8 percent.

Similarly, the output of consumer non-durables rose during the month by 7.9 percent and that of consumer durables by 17.6 percent.

In addition, infrastructure or construction goods output increased by 8.7 percent and capital goods by 16.8 percent.

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नियोजन नीति 1932 खतियान स्थानीय नीति OBC आरक्षण को लेकर समन्वय समिति में हुई चर्चा ||Reporter Post||
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