More jobs for you, industry output rises



New Delhi, Sep 12  Shrugging off the contraction experienced in the previous month, Indian factory output in July rose marginally by 1.2 per cent as compared to the same month of last year, official data showed on Tuesday.



As per the new Index of Industrial Production (IIP), with the revised base year of 2011-12, factory output had declined by (-)0.1 per cent during June due to a drop in manufacturing, from a rise of 2.80 per cent reported for May this year.



The factory output had expanded by 4.5 per cent during July of 2016.

On a year-to-date basis, the output rose by 1.7 per cent during April-July, 2017, which was much lower than the IIP growth rate of 6.5 per cent recorded in the corresponding period of last year. 



Data released by the Central Statistics Office (CSO) showed that July's modest turnaround was mostly led by a revival in electricity, which grew at 6.5 per cent over the same month last year, and in "Other manufacturing" that grew at an impressive 20.9 per cent year-on-year.



Manufacturing output, which has the maximum weightage in the overall index, inched up at a marginal 0.1 per cent in July. The mining output during the month in consideration rose 4.8 per cent



Among the six use-based classification groups, the output of primary goods grew by 2.3 per cent, consumer non-durables by 3.4 per cent and infrastructure or construction goods by 3.7 per cent.



In contrast, the output of intermediate goods declined by (-)1.8 per cent, consumer durables by (-)1.3 per cent and capital goods by (-)1 per cent.



"In terms of industries, eight out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of July 2017 as compared to the corresponding month of the previous year," the CSO said.



"The industry group 'Other manufacturing' has shown the highest positive growth of 20.9 per cent, followed by 18.9 per cent in 'Manufacture of pharmaceuticals, medicinal chemical and botanical products'... on the other hand, the industry group 'Manufacture of tobacco products' has shown the highest negative growth of (-)43.4 per cent," it added. 

(IANS)

Related news

Don’t Miss

Don't miss: All you wanted to know about Haseena Parkar!
Biopic on a woman cricketer to be made for the first time!
Haseena Parkar in trouble! Criminal complaint filed against Shraddha
Good news for Whatsapp users!
Iqbal Kaskar arrested from Haseena Parkar's home
AIADMK MLAs disqualified, Vidyasagar Rao meets Rajnath Singh
Angry Aamir Khan does THIS to keep 'Thugs of Hindostan' secret!
Suu Kyi addresses nation over Rakhine, Rohingya crisis
In pic..Smriti Iraani cuddling Medina is the cutest thing online!
Rahul Gandhi will address a public meeting in New York
Are Rohingyas a threat to Indian security? The debate continues
Sunny Leone suffers condom BLAST, once again!
VIDEO:Yuvraj's 6 sixes in 6 balls..This day 10 years ago
Now, roads will power street lamps, electric cars!
AMAZING... Shah Rukh resembles so much his father and Aryan his father!
Sex aspects of Video game!
Don Dawood's father was in Police.. know more about his family!
After 3 years, Hrithik will walk the ramp!
Are Bollywood biggies, politicians still helping Dawood's family?
This smartphone will give you 256GB storage in just Rs 12,999!
This can keep you away from depression!
Songs today are just a one-day cricket match: Bappi Lahiri
Finally, Vaghela's another tryst with politics begins
Farah's disillusion with big screen, turns to web-series!
A teacher, a director of school rape 18-year-old; impregnate  her
Shahid gets emotional seeing baby Misha in this look!
See how Apple is killing its own products!
Honeypreet in trouble! FIR for criminal conspiracy
Key Indian equity indices trade flat
Katrina gives fitness goals with her TOWEL, see her sexy moves

Most Recent






Most Popular