Zee Media Bureau
New Delhi: Industrial production growth recovered to 3.8 percent in November last year as compared to the same month in 2013.
The cumulative growth for the period April-November 2014-15 over the corresponding period of the previous year stood at 2.2 percent.
The Indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of November 2014 remained at 127.9, 177.0 and 174.3 respectively, with the corresponding growth rates of 3.4 percent, 3 percent and 10 percent as compared to November 2013.
Data released last week showed output in eight core industries, which account for over a third of overall factory output, increased to a five-month high in November driven by higher production of cement and refinery products.
The industrial production had contracted by 4.2 percent in October, mainly on account of poor show by the manufacturing sector and a dip in the output of capital as well as consumer goods.
