Hot Line : +91-11-40703001
     
Global Export Import Market Intelligence

Industrial growth falls 1.8% in June


Date: 09-08-2012
Subject: Industrial growth falls 1.8% in June
New Delhi: India's industrial output fell 1.8 percent in June, due to slower growth in infrastructure output and fall in export orders from the United States and Europe.

The Index of Industrial Production (IIP) had recorded 2.4 percent growth in May.

Industrial output accounts for a little over 15 percent of Gross Domestic Product (GDP) and the consensus points to more weakness ahead for the Indian economy which grew at its lowest annual rate in almost a decade, just 5.3 percent in the quarter to March.

In April, India's industrial output contracted by 0.9 percent, according to revised figures issued by the government after an initial estimate of flat growth.

After recording strong growth for much of last year, India's exports tanked 5.45 percent in June, with officials attributing weak demand in the United States and Europe for the fall.

Infrastructure output, which accounts for over a third of factory production, grew an annual 3.6 percent in June, slower than a revised 4.0 percent in May.

Source : zeenews.india.com

Entire Exim Law, Exim Rules & Regulations, Custom duty, Hscode etc.. shifted to www.eximguru.com




INFODRIVE INDIA Copyright © 1999-2015 InfodriveIndia. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory. RSS

Infodrive India Pvt Ltd

Delhi :
  E-2, 3rd Floor Kalkaji Main Road
      New Delhi 110019
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,
      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191