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India’s Industrial Production Grows to 5.2 Pct in May

India’s factory activity growth, determined by the Index of Industrial Production (IIP), grew 5.2 percent in May, the government data showed Wednesday.

The quick estimates of IIP for May with base 2011-12 stands at 145.0. The indices of industrial production for the mining, manufacturing and electricity sectors for May stand at 128.1, 142.3 and 201.6, respectively, according to the data issued by the Ministry of Statistics and Programme Implementation.

“As per SSE-based classification, the indices stand at 149.8 for primary goods, 102.7 for capital goods, 154.1 for intermediate goods and 174.7 for infrastructure/construction goods for May. Further, the indices for consumer durables and consumer non-durables stand at 115.2 and 148.0, respectively, for May.”

The IIP witnessed a growth of 4.2 percent in April.