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Mar. 12 – India’s industrial production grew by a robust 16.7 percent in January compared to just one percent in the same month a year ago, led by strong performance from the manufacturing sector.
That sector, which has around 80 percent weight in the Index of Industrial Production –a measure of factory output in the country — rose by 17.9 percent during the month against one percent a year ago.
Within manufacturing, capital goods surged by a stunning 56.2 percent in January against 15.9 percent in the same month last year. Consumer durables rose 31.6 percent against 2.1 percent growth in January last year.
