Industrial growth slips to 3.1% in May
There was a slowdown in the manufacturing, which grew at 2.5% in May compared to 3.6% a year ago
Industrial production grew at 3.1% in May, mainly on account of improvement in power generation, according to official data released. The Index of Industrial Production (IIP) had expanded by 3.8% in May 2018.
The expansion in power generation sector stood at 7.4% compared to 4.2% in the year-ago month.
Mining growth was at 3.2% in May as against 5.8% in the corresponding month of the last fiscal.
However, there was a slowdown in the manufacturing sector, which grew at 2.5% in May compared to 3.6% a year ago.