Indias industrial production grew by 2.0% in February
The Dollar Business Bureau 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 ...
Industrial production up 3.6% in Sept; inflation at 4-month high
The Dollar Business Bureau India’s industrial production witnessed a 3.6% higher growth rate in September this year as compared to the corresponding month of last year, according to the latest government data. The General Index of industrial output for September stood at 178.0, while the average growth for April-September period amounted to 178.6 – a growth of 4% over the same period in 2014-15. “The indices of industrial production for the mining, manufacturing and electricity sectors for the month of September 2015 stand at 118.8, 186.7 and 195.7 respectively, with the corresponding growth rates of 3.0%, 2.6% and 11.4% as compared to September 2014,” said Ministry of Statistics & Programme Implementation in its release. The average year-on-year growth rate of these ...
Indias industrial output grows at 6.4% in August
The Dollar Business Bureau India’s industrial output grew at 6.4% during August this year, riding high on a considerable growth in mining, manufacturing and electricity sectors. During August this year, indices of industrial production for these three sectors stood at 119.4, 185.3 and 194.4 respectively, cloaking corresponding growth rates of 3.8%, 6.9% and 5.6% over August last year. “The cumulative growth in the three sectors during April-August 2015-16 over the corresponding period of 2014-15 has been 1.2%, 4.6% and 3.2% respectively,” said Ministry of Statistics & Programme Implementation in a statement. Industrial production grew at 4.1% during April-August 2015-16 over the same period last year. FICCI Secretary General A Didar Singh attributed its growth to the country’s strong manufacturing sector and ...
Indias exports face challenging times ahead: ASSOCHAM
The Dollar Business Bureau The Associated Chambers of Commerce & Industry of India (ASSOCHAM) has raised concerns over the decline in industrial production in October 2014 and has urged the government to develop new strategies to boost exports. According to India’s Ministry of Statistics, the General Index for October 2014 s is 4.2% lower y/y, with the Index of Industrial Production (IIP) for manufacturing showing a y/y decline of 7.6%. D.S. Rawat, Secretary General, ASSOCHAM said, “The 4.2% decline in industrial production in October 2014 has come as a shocker of sorts for us. While we were in a party mood over declining energy prices, little did we realise that the phenomenon was a clear signal of the demand ...
