IIP growth encouraging: PHD Chamber

IIP growth encouraging: PHD Chamber

IIP growth encouraging: PHD Chamber

No.PR-61
July 11, 2014
New Delhi

IIP growth encouraging: PHD Chamber

Positive momentum in IIP growth is inspiring in which manufacturing sector has shown good recovery growing at 4.8% for the month of May 2014 supported by strong growth in capital goods at 4.5% and consumer goods at 3.7%, said Mr. Sharad Jaipuria, President, PHD Chamber in a press statement issued here today.

The recovery in IIP growth in the month of May 2014 is encouraging as it has geared to 4.7% from 3.4% in April 2014.

Driven by a positive growth in Electricity (6.3%), Basic Goods (6.3%) and Manufacturing (4.8%), IIP grew in the positive trajectory.

We believe IIP has the potential to attain high growth trajectory on implementation of recent reforms announced in the Union Budget for 2014-15, said Mr. Jaipuria.

We look forward to strong industrial growth recovery in the coming times as the new government has provided its thought process on manufacturing sector, said Mr. Jaipuria.
ENDS
Koteshwar Prasad Dobhal
Consultant (PR)