CorporateFactory production grows 10.4% in August
Industrial production grew by a whopping 10.4 per cent in August on the back of double-digit growth in mining, manufacturing and electricity sectors.
Factory production had expanded by 1.7 per cent in the same month last year.
Analysts said industrial growth is expected to be statistically higher in later part of this fiscal due to low-base effect as the factory growth slowed down considerably in the second half of the last fiscal due to the global slowdown.