India's industrial production grows at 11.5 per cent in May

Industrial production in the country grew at a slower 11.5 per cent year-on-year in May 2010, compared with the scorching 17.6 per cent growth recorded in the previous month.

At 11.5 per cent, the index of industrial production (IIP) in the country was, however, higher compared to the level in the May 2009. Cumulative growth for the April-May 2010-11 period stood at 14.0 per cent year-on-year.

The general index of industrial production stood at 312.6 in May 2010, according to quick estimates released by the Central Statistical Organisation (CSO).

The production indices for the mining, manufacturing and electricity sectors during May 2010 rose 8.7 per cent, 12.3 per cent and 6.4 per cent year-on-year to 199.4, 335.3, and 252.2, respectively. The cumulative growth during April-May 2010-11 over the corresponding period of 2009-10 in the three sectors have been 10.2 per cent, 15.1 per cent and 6.6 per cent, respectively, which moved the overall growth in the general index to 14.0 per cent.

As many as 15 out of the 17 industry groups showed positive growth during May 2010 compared to the corresponding month of the previous year.

The industry group 'metal products and parts, except machinery and equipment' showed the highest growth of 39.8 per cent, followed by 'other manufacturing industries' (27.6 per cent) and 'jute and other vegetable fibre textiles (except cotton)' at (26.9 per cent).