India’s industrial production grew by 2.0% in February
India’s industrial production index grew by 2.0% in February from a year ago, primarily driven by a cumulative growth of electricity, manufacturing and mining sectors production.
“The General Index for the month of February 2016 stands at 184.6, which is 2.0% higher as compared to the level in the month of February 2015. The cumulative growth for the period April-February 2015-16 over the corresponding period of the previous year stands at 2.6%,” Ministry of Statistics & Programme Implementation said in its recent report.
The indices of industrial output for the electricity, manufacturing and mining sectors stood at 181.9, 194.1 and 136.1 respectively, registering a corresponding growth rate of 9.6%, 0.7% and 5.0% in February this year against February last.
Their cumulative growth during April-February 2015-16 remained 5.1%. 2.3% and 2.4% respectively against the corresponding period of 2014-15.
Out of the 22 industry group assessed in the manufacturing, 16 industry groups cloaked a positive growth rate in February 2016.
Office, accounting & computing machinery group witnessed the highest growth at 37.9%, followed by Furniture manufacturing at 27.9% and Medical, precision & optical instruments, watches and clocks at 20.4%.
Among the group that registered a decline was Electrical machinery & apparatus 47.1%, followed by Wearing apparel; dressing and dyeing of fur at 8.5% and Publishing, printing & reproduction of recorded media at 7.9%.
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