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BREAKING NEWS

India's May industrial output grows by 5.1%

01 Jul 2019
New Delhi, July 1 (IANS) The output of India's eight major industries rose by 5.1 per cent, official data showed on Tuesday.
The index of eight core industries was lower compared to April 2019 when it rose by 6.3 per cent, while on a year on year basis, it rose from 4.1 per cent in May 2018, the Commerce Ministry statement said on Monday.
The core sector index carries 40.27 per cent weight of the items included in the Index of Industrial Production (IIP), the ministry data showed.
The decline in growth rate compared to last month was on the back of negative growth of 1.5 per cent and 1 per cent in refinery products and fertilisers segments respectively.
Steel and electricity recorded strong growth of 19.9 per cent and 7.2 per cent respectively.

--IANS rrb/sn/vd