India’s industrial production expands 3.2% in May
12 Jul 2018
Industrial production in the country increased by 3.2 per cent in May 2018 on the back of a pick-up in capital goods manufacturing, quick estimates of industrial production showed on Thursday.
The cumulative growth in industrial production during the period April-May 2018 over the corresponding period of the previous year stands at 4.0 per cent.
Production in the mining, manufacturing and electricity sectors recorded growth rates of 5.7 per cent, 2.8 per cent and 4.2 per cent, respectively while cumulative growth in the three sectors during April-May 2018 stood at 4.9 per cent, 4.0 per cent and 3.1 per cent, respectively.
Thirteen out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of May 2018 compared to the corresponding month of the previous year.
Primary goods sector grew 5.7 per cent in May while capital goods sector grew 7.6 per cent, intermediate goods sector at 0.9 per cent and infrastructure/ construction goods sector recorded 4.9 per cent growth in May.
The consumer durables and consumer non-durables sectors recorded growth rates of 4.3 per cent and (-) 2.6 per cent, respectively.