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Industry growth zooms to 14.4% in Nov
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January 12, 2007 12:28 IST
Last Updated: January 12, 2007 14:07 IST

The country's industrial growth shot up to 14.4 per cent in November 2006, the fastest in more than a decade, on the back of impressive performance of manufacturing sector and a rebound in mining production.

The Index of Industrial Production increased by 14.4 per cent during the month against six per cent in the same month of 2005, according to government data released on Friday.

Growth in the manufacturing sector stood at 15.7 per cent in November against seven per cent, while power generation grew by 8.7 per cent against 3.4 per cent in the same month of the previous year.

Mining output rose by seven per cent against a negative 2.1 per cent in November 2005. The growth in industrial output had slowed down to 4.37 per cent in October 2006.

The cumulative industrial growth during April-November 2006 stood at 10.6 per cent as compared to 8.3 per cent in the corresponding period of previous fiscal.

Manufacturing sector reported a double-digit growth in the first eight months of current fiscal at 11.5 per cent compared to 9.4 per cent in the same period a year-ago.

During April-November 2006-07, mining sector grew by 3.8 per cent compared to 0.5 per cent in the year-ago period, while electricity generation advanced by 7.3 per cent compared to five per cent.

As per user based classification, the basic goods sector grew by 11.6 per cent in November 2006, capital goods by 25.3 per cent, intermediate goods sector by 16.7 per cent and consumer goods by 11.9 per cent in November.


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