Overall industry growth increased by 2% in January 2013 due to positive performance of manufacturing and electricity sectors. Data released by CSO IIP index shown double digit growth compare to last year of the same month. For manufacturing sector, the growth rate is 2.7% in January 2013 as against 1.1% for Jan-2012. It is notable that this sector adds up to 75% of the index. Even though the manufacturing sector had shown double digits the automobile sector is still plagues and in recent times some OEMs had reduced their production rates.
Source: Autobei
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