PHD Chamber hails near double digit industry growth

PHD Chamber hails near double digit industry growth

PHD Chamber hails near double digit industry growth

 

No.PR-161
December 11, 2015
New Delhi
 

PHD Chamber hails near double digit industry growth
 

While expressing happiness on high powered industry growth at 9.8% for the month of October 2015, Mr. Saurabh Sanyal, Secretary General, PHD Chamber of Commerce and Industry said that with the advent of various reforms, industry growth is increasingly coming to its potential and we expect the growth trend to continue and enter higher and higher growth trajectory.
 

The IIP grew significantly from 3.8% in September 2015 to 9.8% in October 2015. This can be attributed to strong growth in consumer durables at 42.2% in October 2015, Consumer goods at 18.4% in October 2015, Capital goods at 16.1% in October 2015, manufacturing sector at 10.6% and electricity at 9% in October 2015.
 

Growth of capital goods at 16.1% is inspiring and is indicative of return of investment cycle, said Mr. Sanyal.
 

Growth of consumer goods at 18.4% is encouraging and shows that the demand is firming up, he added.
 

The growth of consumer durables at 42.2% is very inspiring and is indicative of revival of manufacturing sector, said Mr. Saurabh Sanyal.
 

The growth of manufacturing sector at 10.6% shows that the reform measures undertaken by the government are giving visible outcomes, he said.
 

We look forward to strong industrial growth recovery, with the sector registering double digit growth in the coming times, said Mr. Sanyal.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)