Industry grows by 17.6 pc in April

New Delhi, Jun 11 (PTI) Industrial output of India rose
17.6 per cent in April, growing in double digits for the
seventh straight month, on good showing by manufacturing,
particularly capital and consumer goods.

In comparison, industry grew by 1.1 per cent in April
last year.
Manufacturing, which constitutes around 80 per cent of
the index of industrial production (IIP), grew 19.4 per cent
in April against 0.4 per cent a year ago, according to
official data released Friday.
Within manufacturing, capital goods production rose by
72.8 per cent in April against a contraction of 5.9 per cent a
year ago.
Consumer durables rose by 37 per cent against 17.6 per
cent same period last year.
The other two sectors--mining and electricity--expanded
by 11.4 per cent and 6 per cent in April, respectively against
3.4 per cent and 6.7 per cent in the same period last year.
According to the data, of the 17 industries, as many as
15 showed positive growth in April.
If the rising trend continues in the remaining months of
this fiscal, the economy will easily meet the targeted 8.5
per cent growth rate in 2010-11, as agriculture is also
expected to perform well on the likelihood of a normal
monsoon.
Industrial production expanded by 17.7 per cent in
December 2009. PTI KKS
RBT