Industry grows by 16.7 pc in January

Industrial production grew by a robust 16.7 per cent in January compared to just one per cent in the same month a year ago, led by a good show from the manufacturing sector.

Industrial production grew by a robust 16.7 per cent in January compared to just one per cent in the same month a year ago, led by a good show from the manufacturing sector.

Manufacturing, which has around 80 per cent weight in the Index of Industrial Production - a measure of factory output in the country - rose by 17.9 per cent during the month against one per cent a year ago.

Within manufacturing, capital goods surged by a stunning 56.2 per cent in January against 15.9 per cent same month last year. The consumer durables segment zoomed 31.6 per cent against 2.1 per cent growth in January last year.

For December 2009, industrial production was higher at 17.6 per cent, up from the provisional estimate of 16.8 per cent.

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