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IIP At 4.2% For The Month Of July

Manufacturing sector is slowly emerging as a leader of industrial growth increasing by 4.7 per cent. In the first four months, manufacturing sector has increased by 4 per cent in 2015-16 as compared to 2.8 per cent in 2014-15. 

Capital goods has registered an impressive growth of 10.6 per cent, boosted by positive growth in production of commercial vehicles, transformers, cylinders, aluminium conductors etc. Consumer durables goods sector has, like last month, recorded double digit growth of 11.4 per cent, boosted by growth in passenger cars and gems and jewellery.  

As per Balance of Payments (BoP) data for Q1 of 2015-16 released by the RBI, the BoP position continues to be comfortable on a sustainable basis with a lower current account deficit at 1.2 per cent of GDP in Q1 of 2015-16 as against 1.6 per cent of GDP in Q1 of 2014-15.