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Business News

Jul 10, 2018
5:45AM

RBI reveals that India's manufacturing sector recorded robust growth in sales

Reserve Bank has revealed that India's manufacturing sector recorded robust growth in sales and improvement in operating profit growth in the fourth quarter of the last fiscal. 

A performance report of the private corporate business sector by RBI informs that the companies posted sales of 9.25 lakh crore rupees in the last quarter of 2017-18 as compared to 8.41 lakh crore rupees in the last quarter of 2016-17. 

The report says that demand conditions improved for electrical machinery and apparatus; motor vehicles and other transport equipment; petroleum products and pharmaceuticals and medicines. 

It further said that the operating profit growth of the manufacturing sector improved despite increase in input costs, due to higher growth in value of production. 

The analysis was based on the abridged financial results of 2,723 listed non-government non-financial companies for January-March 2017-18.

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