Industrial growth: 9.9 pc in July last, 3.3 pc now

September 12, 2011 12:08

Industrial growth fell to a meagre 3.3 per cent in July this year on account of poor performance mainly by capital goods, manufacturing and mining sectors, reflecting sluggishness in the economy.

Growth in the factory output, as measured in terms of the Index of Industrial Production , had stood at 9.9 per cent in July last year.

During the April-July period of this fiscal, IIP growth stood at 5.8 per cent, as against 9.7 per cent in the corresponding four-month period last year.

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