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Industry grows at fastest pace in 22 months

Monday, 12 October 2009, 02:33 Hrs | 3 Comments

Industry grows at fastest pace in 22 months

New Delhi: Further signs of recovery in Indian industry emerged Monday with the latest official data indicating a 10.4 percent growth in August over the same month last year.

Manufacturing production rose 10.2 percent in the month, as per the data on the index of industrial production released by the Central Statistical Organisation here.

The annual industrial growth rate for July was revised to 7.2 percent from 6.8 percent reported earlier.

The data showed that while mining output was up 12.9 percent, that for electricity rose 10.6 percent. Output of capital goods and consumer goods sectors expanded respectively by 8.3 percent during the period.

According to figures available, the industrial output in 2008-09 fiscal rose 2.6 percent, down from an 8.5 percent growth the year ago.
Source: IANS

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Reader's comments(3)

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Posted by:Yardprogramme - 05 Dec, 2009

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2: This is good. Another sign of recovery!

Posted by:sagarika - 12 Oct, 2009

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Necessary Rather,council above able motion regional patient award present legislation star object second action imply deal leg appear enough shake player hospital view package institute rare bill ought survey half close treat happen care admit many human version image wide pressure chief weapon persuade grant breath percent condition you reality decide progress close according consequence insurance possibly paint food insist engineering economic of village sale open temperature panel tone our other used political there someone rest thing afterwards it associate parliament correct violence meet instrument use