Poor performance of the manufacturing sector, which constitutes more than 75 per cent of the IIP, grew by meagre 2.2 per cent in February, as against 4.1 per cent in the same month of 2012, official data released by MSO. The mining output in February this year too contracted by 8.1 per cent, compared to a growth in production by 2.3 per cent in the same month of 2012. M&HCV (> GVW 7.51ton) segment has shown 25% of de growth while LCV (up to GVW 7.5ton) segment has shown 16% growth in FY 2012-13 compare to last FY 2011-13.
Source: Autobei
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