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India's factory output growth eases in May (Lead)

Friday - July 12, 2019 6:34 pm , Category : BUSINESS
New Delhi, July 12 (IANS) India's factory output growth eased in May 2019 as it rose by 3.1 per cent from a revised growth of 4.32 per cent reported for April 2019, official data showed on Friday.
Even on a year-on-year (YoY) basis, May's industrial production growth of 3.1 per cent was lower than the 3.8 per cent achieved during the corresponding month of the previous fiscal.
"The cumulative growth for the April-May 2019 period over the corresponding period of the previous year stands at 3.7 per cent," the Ministry of Statistics & Programme Implementation said in 'Quick Estimates of Index of Industrial Production' (IIP).

--IANS rv/arm

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