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IIP grows at 6.6 per cent

IIP grows at 6.6 per cent

New Delhi, Sep 12 (UNI) India’s industrial production registered a growth of 6.6 per cent in July this year against 5.4 per cent during the corresponding period the previous year.

The Indices of Industrial Production for the mining, manufacturing and electricity sectors registered a growth of 3.7 per cent, 7 per cent and 6.7 per cent in July this year. The cumulative growth in these three sectors during April-July 2018 over the corresponding period of 2017 has been 5.0 per cent, 5.6 per cent and 5.3 per cent respectively.

The data was released by the Central Statistics Office of the Statistics and Programme Implementation Ministry here on Wednesday.

In terms of industries, 20 out of the 23 industry groups in the manufacturing sector showed positive growth during July 2018 as compared to the corresponding month of the previous year, the data said.

The manufacture of furniture has shown the highest positive growth of 42.7 per cent followed by 30.8 per cent in manufacture of computer, electronic and optical products and 28.4 per cent in manufacture of tobacco products.

On the other hand, manufacture of paper and paper products and Printing and reproduction of recorded media were down by 2.7 per cent followed by 0.9 per cent in manufacture of machinery and equipment.

The data came at a time when the rupee hit record low amid weakness in emerging markets and the domestic equity markets are struggling with fund outflows. Besides, a continued surge in crude oil prices has fuelled concerns on the current account deficit front among investors.


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