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Manufacturing sector output during May rose by 2.5 per cent, while the mining sector and power generation grew 3.7 per cent and 3.3 per cent, respectively.
Industrial growth during April, the first month of the current fiscal, was 1.2 per cent, according to the industrial production data released by the government on Friday.
The cumulative growth rate during April-May works out to 1.9 per cent, down from 5.3 per cent during the corresponding period last fiscal.
According to the use-based classification of IIP, the capital goods industry continues to record negative growth, dipping by 3.6 per cent during the month.
The consumer durables sector, which include refrigerators, television etc., posted a high growth rate of 12.4 per cent against 2.8 per cent in May 2008, reflecting a pick-up in demand.
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It is good news to see 2.7% growth, but our biggest problem is the lack of infrastructure growth compared with that of China. During a recent conference of German companies in Bavaria, the attendees pointed out that "China’s ability to bulldoze through bureaucratic obstacles to create a modern infrastructure of highways, power systems and digital networks, India comes up woefully short. And the costs are high." This is the fact. Since, the parasitic effect of bureaucracy becomes obstacle to our growth, the Government must act urgently to bulldoz these foes to our progress. China has already laid claim over Arunachal Pradesh and other borderline disputes still remain unresolved. If we fall behind due to obstacles created in development of infractures so desperately needed to compete with China, bureaucrats will bear the responsibility. Hopefully, bureaucracy will understand their patriotic responsibility and help develop infrastructures so that India becomes economically stronger.