Click to play videoNew Delhi: India's industrial production growth rate improved slightly to 5.4 per cent this June from 3.8 per cent in May, the government said on Tuesday.
The growth rate, however, is far lower than the 8.9 per cent growth registered in the corresponding period in the last financial year.
The index of industrial production (IIP), released by the Ministry of Statistics and Programme Implementation, put the cumulated industrial growth at 5.2 percent during April-June in the current fiscal, as compared to 10.3 per cent in the corresponding period last year.
In June, mining, manufacturing and electricity sectors grew 2.9 per cent, 5.9 per cent and 2.6 per cent respectively.
Save for the mining sector, which had grown 1.5 per cent in June last fiscal, the other two sectors showed a drop in growth rate.
According to the official data, the mining sector registered a 4.7 per cent growth rate during April-June in the current fiscal against 2.7 per cent in the last fiscal, while the manufacturing sector logged only 5.6 per cent growth as compared to 11.1 per cent in the same period last year.
The electricity sector also showed a declining growth trend by logging only two per cent growth in April-June in the current fiscal against 8.3 per cent in the last corresponding period.
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