Zee Media Bureau
New Delhi: Driven by growth in the capital goods sector and growth in manufacturing sector, India's industrial production for the month of January accelerated to 2.6 percent, government data showed Thursday.
The growth in factory output, as measured by the Index of Industrial Production (IIP), slowed to 1.7 percent in December last year.
The November IIP was declared as 3.8 percent but was later revised by the government to 3.9 percent.
As per a data released by the Central Statistics Office (CSO) Thursday, IIP for the period of April-January 2014-15 grew 2.5 percent as against a meagre rise of 0.1 percent in same period of the last fiscal.
Meanwhile, the December IIP has been revised upwards to 3.23 percent from the provisional estimates of 1.7 percent released last month.
As per government data released today, manufacturing output, which constitutes over 75 percent to the index, grew by 3.3 percent in January compared to a meagre growth of 0.3 percent in the same month a year ago.
For April-January period, the sector saw an output growth of 1.7 percent, compared to a contraction of 0.3 percent in the year-ago period.
The production of capital goods, a barometer of demand, grew by 12.8 percent in January as against a contraction of 3.9 percent in same month of last year.
During the April-January period, capital goods output grew by 5.7 percent as against a dip of 0.8 percent.
Fourteen out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of January year-on-year.
With PTI Inputs
