Category : Economy & Banking
 Industrial production growth slipped to a seven-month low of 3.2% in May mainly due to sluggish performance of manufacturing and power sectors and other reasons, according to the data released by theCentral Statistics Office. The manufacturing sector, which constitutes 77.63% of the index, grew by just 2.8% in May, marginally up from 2.6% in the corresponding period last year. The mining sector output recorded an impressive growth of 5.7% in May as against 0.3% in May 2017. The FMCG sector was the worst performer among the user based goods segment. |
| Source- The Economic Times |
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