rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Industrial growth slows down to 3.7 pc

Industrial growth slows down to 3.7 pc

Last updated on: March 11, 2011 11:48 IST

Industrial growth slows down to 3.7 pc

     Next

Next

Industrial growth slowed to 3.7 per cent in January, 2011, compared to 16.8 per cent expansion in the year-ago period, dragged down by the poor performance of the manufacturing sector, particularly capital goods.

However, growth in factory output in January, as measured in terms of the Index of Industrial Production, was better than the 2.53 per cent expansion (revised upward from 1.6 per cent) witnessed in the previous month.

Click NEXT to read further. . .


Image: Pranab Mukherjee.
Photographs: Reuters
     Next

Industrial growth slows down to 3.7%

Prev     Next
Prev

Next

Industrial output growth during the April-January period this fiscal stood at 8.3 per cent vis-a-vis the corresponding period of the previous year.

In contrast, industrial output expanded by 9.5 per cent year-on-year in April-January, 2009-10, official data shows.

In January, manufacturing growth plummeted to 3.3 per cent from 17.9 per cent a year ago.

The capital goods sector contracted by 18.6 per cent in the month under review.

The sector had posted a robust growth of 57.9 per cent in January, 2010.

Click NEXT to read further. . .



Prev     Next

Industrial growth slows down to 3.7%

Prev     More
Prev

More

However, production in the consumer non-durables segment grew by 6.9 per cent during the month under review.

It had contracted by 7 per cent in the same period a year ago.

Mining growth also plummeted to 1.6 per cent in the month under review from 15.3 per cent in the comparable month of 2010.

Electricity generation output rose by 10.5 per cent in January, compared to 5.6 per cent growth in the same month last year.

On the whole, 14 out of 17 industry groups achieved positive growth in the first month of 2011.


Image: Cars lined up in a manufacturing unit.
Photographs: Reuters
Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.