IIP growth encouraging: PHD Chamber

India Infoline News Service | Mumbai |

The recovery in IIP growth in the month of May 2014 is encouraging as it has geared to 4.7% from 3.4% in April 2014.

Positive momentum in IIP growth is inspiring in which manufacturing sector has shown good recovery growing at 4.8% for the month of May 2014 supported by strong growth in capital goods at 4.5% and consumer goods at 3.7%, said Sharad Jaipuria, President, PHD Chamber in a press statement issued here.
 
The recovery in IIP growth in the month of May 2014 is encouraging as it has geared to 4.7% from 3.4% in April 2014.
 
Driven by a positive growth in Electricity (6.3%),
 Basic Goods (6.3%) and Manufacturing (4.8%), IIP grew in the positive trajectory.
 
We believe IIP has the potential to attain high growth trajectory on implementation of recent reforms announced in the Union Budget for 2014-15, said Mr. Jaipuria.
 
We look forward to strong industrial growth recovery in the coming times as the new government has provided its thought process on manufacturing sector, said Mr. Jaipuria.

 

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