Home Created by potrace 1.16, written by Peter Selinger 2001-2019News Created by potrace 1.16, written by Peter Selinger 2001-2019Business Created by potrace 1.16, written by Peter Selinger 2001-2019Industrial Growth Slips to 3.1% in May

Industrial Growth Slips to 3.1% in May

The Index of Industrial Production (IIP) had expanded by 3.8 percent in May 2018.
PTI
Business
Published:
The Index of Industrial Production (IIP) had expanded by 3.8 percent in May 2018. Image used for representation only.
|
(Photo: Reuters)
The Index of Industrial Production (IIP) had expanded by 3.8 percent in May 2018. Image used for representation only.
ADVERTISEMENT

Industrial production grew at 3.1 percent in May, mainly on account of improvement in power generation, according to official data released on Friday, 12 July.

The Index of Industrial Production (IIP) had expanded by 3.8 percent in May 2018.

The expansion in power generation sector stood at 7.4 percent compared to 4.2 percent for the same month a year ago.

Also ReadInflation figures, industrial growth to induce volatility

Mining growth was at 3.2 percent in May as against 5.8 percent in the corresponding month of the last fiscal.

However, there was a slowdown in the manufacturing sector, which grew at 2.5 percent in May compared to 3.6 percent a year ago.

Also ReadIndia’s Industrial Growth Falls to 17-Month Low of 0.5% in Nov

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

Published: undefined

ADVERTISEMENT
SCROLL FOR NEXT