6% output growth in LSMI in 11 months of FY-18
MG News | July 18, 2018 at 01:01 PM GMT+05:00
According to data released by PBS, The overall output of Large Scale Manufacturing Industries (LSMI) increased by 6% in July-May, 2017-18 as compared to July-May 2016-17.
The LSMI output increased by 2.76% for May 2018 compared to May 2017 and decreased by 11.63% if compared to April 2018.
The production in July-May 2017-18 as compared to July-May 2016-17 has been significantly increased in Food, Beverages & Tobacco, Coke & Petroleum Products, Pharmaceuticals, Non Metallic Mineral Products, Automobiles, Iron & Steel Products, Electronics and Paper & Board while decreased in Fertilizers and Leather Products.
As a result, overall Large Scale Manufacturing Sector has shown a growth of 6% during Jul-May 2017-18 when compared with the same period last year.
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