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Industrial output grows by 11%
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April 12, 2007 13:15 IST
Last Updated: April 12, 2007 15:59 IST

The Index of Industrial Production recorded an impressive growth of 11 per cent in February despite power sector registering dismal performance indicating unpleasant summers in the days ahead.

Although the IIP during February went up to 11 per cent from 8.8 per cent in the corresponding month last year, the electricity generation decelerated to 3.3 per cent from 9.1 per cent, says the quick estimates of IIP released by the Central Statistical Organisation (CSO) on Thursday.

The manufacturing sector during February grew 12.3 per cent as against 9.2 per cent in corresponding month last year.

During the April-February period of 2006-07, the IIP recorded a growth of 11.1 per cent as against 8.1 per cent in the corresponding period of the previous fiscal.

The manufacturing sector during the 11-month period grew by 12.1 per cent, up from a 9.1 per cent growth in April-February 2005-06.

During April-February 2006-07, the electricity generation went up to 7.2 per cent from 5.3 per cent in the corresponding period previous fiscal.  The mining sector recorded an impressive performance both during February 2007 and the April-February period of fiscal 2006-07.

While the sector grew 6.3 per cent in February compared to 3.8 per cent during same month last year, it registered a growth rate of 4.9 per cent in the 11 month period, up from a meagre 0.9 per cent in the corresponding period of 2005-06.

While the capital and intermediate goods showed impressive growth during the month, performance by consumer goods and consumer durables was a dismal one.

The capital goods sector grew 18.2 per cent in February, up from 10.7 per cent in the same month of 2006. Intermediate goods registered an encouraging growth of 13.7 per cent, up from the marginal 2.2 per cent growth in February 2006.

Growth by the consumer goods sector in February slowed down to 7.6 per cent from 12.5 per cent. The consumer durables segment too performed dismally by recording a growth rate of just 1.6 per cent during the month, down drastically from the impressive 20.3 per cent growth it had registered in February 2006.

The industry group wood and wood products; furniture and fixtures registered highest growth of 128.9 per cent in February, followed by a 27.4 per cent growth in basic metal and alloy industries and 16.1 per cent in cotton textiles.

On the other hand, the industry group jute and other vegetable fibre textiles showed a negative growth of 88 per cent followed by a negative growth of 2.2 per cent in the metal products and parts sector.


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