Manufacturing Sector In India Experiences 13 Percent Growth

An Indian industry survey is reporting 13 percent growth in manufacturing for the first nine months of the current fiscal year.

India has experienced a 13 percent growth in manufacturing for the first nine months of the current fiscal year, according to an industry survey.

Data from industry chamber FICCI has reported growth rates over 20 percent in 65 separate segments.  Switchgears, light commercial vehicles and DVDs had the highest growth rates at 37 percent, 37 percent and 50 percent, respectively.

Higher demand from sectors such as textiles and construction has encouraged growth in the production of intermediate and capital goods.

The cement industry has moved forward by utilizing the latest technology, according to the survey.

Air-conditioners, microwave ovens and personal computers also experienced over 20 percent growth thus far in the April through December time period.

Sectors that recorded negative growth included natural gas at negative 2.4 percent, transmission line towers at negative 3.6 percent and soda ash at negative 6.3 percent.

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