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Home » General » Economic growth gets stronger

Economic growth gets stronger

The recently released data on industrial output are significant in two ways. During July, industrial growth accelerated to 13.8 per cent from 7.2 per cent in the corresponding month last year. Secondly, and perhaps more relevant in a contextual sense, the Index of Industrial Production reinforces the optimism that characterised the Central Statistics Office’s estimate of 8.8 per cent GDP growth during the first quarter of 2010-11. The growth drivers of the first quarter have continued into July. During the first quarter (April-June 2010) industry as a whole grew by 11.4 per cent and manufacturing by 12.4 .The corresponding figures for 2009-10 were 4.6 per cent and 3.8 per cent respectively. Read Full Story from publisher

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