OTHER GROUP COMPANIES
market

IIP growth encouraging: PHD Chamber

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.

July 14, 2014 8:54 IST | India Infoline News Service
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.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity