Trade Resources Industry Views India's Industrial Production Increased by 0.4 Percent Year on Year

India's Industrial Production Increased by 0.4 Percent Year on Year

In August this year, India's industrial production increased by 0.4 percent year on year, according to government data. Industrial production in the April-August period of the current fiscal year (started April 1) increased by 2.8 percent year on year.

Production in India's manufacturing sector decreased by 1.4 percent in August compared to the same month of the previous year, while in the April-August period of the current fiscal year the Indian manufacturing sector saw a 1.8 percent year-on-year rise in output.

The industrial output index in India's basic metal sector in August this year increased by 19.1 percent, while the output index for fabricated metal products, except machinery and equipment, decreased by 9.7 percent, both on year-on-year basis. Meanwhile, in the April-August period of the current fiscal year, the output index for basic metals increased by 13.9 percent, while the output index for fabricated metal products, except machinery and equipment, decreased by 0.8 percent, both compared to the corresponding period of the previous financial year.

On the other hand, the output of the industry segment of motor vehicles, trailers and semi-trailers decreased by 2.1 percent year on year in August and decreased by 3.9 percent in the April-August period, both compared to the corresponding period of the previous financial year.

Source: http://www.steelorbis.com/steel-news/latest-news/indias-basic-metal-output-up-191-percent-in-august-850274.htm
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India's Basic Metal Output up 19.1 Percent in August
Topics: Metallurgy