Manufacturing sector records robust growth in fourth quarter of last fiscal, says RBI

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

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