New Delhi: India’s industrial output has risen sharply, registering an impressive 7.3 per cent growth in March 2011. The figures show that the Indian economy is keeping up the growth momentum of previous years.
The factory output, as measured by the Index of Industrial Production (IIP), rose 7.3 per cent in March 2011, as compared to the corresponding period a year earlier. The IIP almost doubled the revised 3.7 per cent expansion registered in February 2011. The increase in the factory output signals a strong overall consumer demand.
The new IIP numbers, with 2004-05 as the base year, will start coming from the next month. The current base year is 1993-94.
Exports rose 34 per cent to record US$ 23.9 billion in April 2011, while imports were up 14.1 per cent to US$ 32.8 billion. Among others, passenger cars sales grew at 13.2 per cent in April 2011. In addition, the output of consumer durables expanded 12.3 per cent while that of non-durables rose 5.5 per cent.
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