Industrial growth at 6.8 % in July

Industrial growth at 6.8 % in July

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For the first four months of this fiscal, the industry grew by 4.6 per cent compared to 5.6 per cent a year ago.

The manufacturing sector, which constitutes around 80 per cent in the industrial production, grew by 6.8 per cent in July against 6.9 per cent in the same month last year.

Mining output grew robustly by 9.9 per cent in the month compared to 2.8 per cent in July 2008. The electricity generation expanded by 4.2 per cent during the period against 4.5 per cent in same month last year.

In terms of use-based classification of the industry, consumer durables sector expanded rapidly by 19.8 per cent in the month against 13.9 per cent in the year ago period.

Only capital goods sector performed dismally clocking a mere 2 per cent growth against a whopping 17.9 per cent the year ago period.

As many as 15 out of 17 industry groups registered a positive growth in July.

For the second month in a row, the industry performed exceedingly well after hit hard by deepening global financial crisis in the middle of September last year.

Industrial growth for June has been revised to 8.2 per cent from 7.8 per cent estimated provisionally.