Industrial growth 10.4 % in August
India’s Industrial growth has soared to a 22-month high of 10.4 per cent in August.
Manufacturing output grew by 10.2 per cent in August, mining by 12.9 per cent and electricity production by 10.6 per cent. Of 17 industry groups, 14 showed positive growth.
According to Planning Commission deputy chairman Montek Singh Ahluwalia, stimulus measures the government had taken previously have yielded results which may make up for the likely decline in farm output in months to come. This is expected to make up for the likely loss in farm production.
Industrial growth stood at 5.8 per cent in April-August, 2009, against 4.8 per cent in the same period a year ago.