New
Delhi: The manufacturing sector grew by 12.7 percent
in the month of May against 10.7 per cent during the corresponding
period last year, on the back of increased demand and
better availability of raw materials.
Sectors
like basic chemicals and chemical products registered
a growth of 18.3 per cent while machinery and equipment
registered a growth of 16.2 per cent.
Among
the user-based industries the capital goods sector showed
the highest rate of growth of 20.7 per cent. Transport
equipment
witnessed a growth of 15.7 per cent while metal products
except machinery grew at 13.3 per cent.
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