India manufacturing growth less than world average

Monday, 06 June 2011, 16:19 IST   |    4 Comments
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India manufacturing growth less than world average
New Delhi: India's manufacturing sector growth during quarter ended March 31 this year stood at 5.1 pecent, which is one-third of China's factory output of 15 percent and also lower than the world average of 6.5 percent, according to a UN body report. "..World manufacturing output grew by 6.5 per cent as compared to the first quarter of 2010," United Nations Industrial Development Organisation (UNIDO) said in its report on 'World Manufacturing Production Quarter I, 2011'. The major contribution to such strong performance came from China -? its manufacturing output grew by 15 per cent, it added. The report said manufacturing output of the group of newly industrialised countries increased by 6 per cent, with India's growth estimated at 5.1 per cent, Mexico's growth at 7.4 per cent and Turkey's at 13.8 per cent".
Source: PTI
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