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 the Central 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
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- Piyush Goyal is the present Finance Minister of India.
