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New Delhi, Oct 10 (IANS) Industrial activity, measured in terms of the Index of Industrial Production (IIP), grew marginally by 0.4 percent in August over the same month of the previous year, government data released Friday showed.
The August industrial growth compared unfavourably with the 0.5 percent recorded in the previous month, the Central Statistics Office data showed.
The cumulative growth for April-August 2014-15 over the corresponding period of the previous year stands at 2.8 percent.
The drop in August is mainly due to the lower output in manufacturing and consumer durables like radio, TV, communication equipment, computers and electricity machinery.
Consumer durables output contracted by 15 percent year-on-year, while capital goods, fell 11.3 percent and consumer goods output declined by 6.9 percent. Basic goods, however, grew 9.6 percent compared to 0.9 percent month-on-month.
While manufacturing activity contracted 1.4 percent, as against a negative growth of 0.2 percent in the previous month, the mining sector recorded 2.6 percent increase versus deceleration of 0.9 percent.
The cumulative growth during April-August 2014-15 over the corresponding period of 2013-14 has been 2.5 percent in mining, 1.8 percent in manufacturing and 11.7 percent in electricity.