Blitz Bureau
New Delhi, 28 September: India’s industrial production surged to 8 per cent in August this year, compared to the same month of the previous year, driven by a robust performance in the manufacturing sector, according to the data released by the Ministry of Statistics.
The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted an impressive 9 per cent growth during August compared to the same month of the previous year.
“In a record performance, the manufacturing sector has recorded growth of 8 per cent or more in the last three consecutive months,” according to the official statement.
This augurs well for the economy as the sector plays a key role in providing quality jobs to the young graduates passing out from the country’s engineering institutes and universities.
Within the Manufacturing sector, 18 out of 23 industry groups have recorded a positive growth in August over the same month last year. The top three positive contributors for the month in this segment are the manufacturing of motor vehicles which recorded a 25.2 per cent growth, along with the manufacturing of electrical equipment (30.9 per cent) and the manufacturing of machinery and equipment (25.3 per cent).
The electricity and gas supply sector recorded a strong growth of 12.3 per cent during August while Water Supply, Sewerage & Waste Management posted a 6.3 per cent growth.
However, the mining sector posted a negative growth of (-) 5.6 per cent during the month.
