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IIP stood at 8.8% in April 2005

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Last updated on: June 10, 2005 14:23 IST

Pulled down by the mining and electricity sectors, the Index of Industrial Production stood at 8.8 per cent during April 2005 compared to 8.9 per cent in the same month last year.

However, the manufacturing sector grew by 10 per cent as compared to 8.8 per cent in the monthly review period.

Growth in the mining sector came down to 3.1 per cent in April, 2005 from 9.1 per cent during the same month last year while growth for electricity also came down to 3.0 per cent as compared to 10.3 per cent, according to the Quick Estimates of IIP released on Friday.

The released estimates also contained the final annual growth rate for mining, manufacturing and electricity sectors.

The revised annual growth in the three sectors in 2004-05 over the previous year (2003-04) has been 4.4 per cent, 9.0 per cent and 5.2 per cent respectively, with overall growth in the General Index being 8.2 per cent.

In the use-based classification, the index stood at 11.4 per cent in April 2005 as against 5.0 per cent a-year ago month.

The highest growth was recorded in capital goods at 24.5 per cent against 10.1 per cent in the monthly review period, followed by consumer durables at 18.6 per cent against 11.9 per cent.

Consumer goods grew by 13.1 per cent in April this year as against 6.5 per cent in the same month last year.

In contrast, intermediate goods and basic goods recorded a decline in their growth during April this year as against the same month last year.

Intermediate goods grew by 2.3 per cent as compared to 12.4 per cent while basic good clocked a 5.9 per cent growth as against 8.0 per cent recorded in April last year.

As many as 14 of the 17 two-digit industry groups showed positive growth in April 2005 as compared to the corresponding month of the previous year.

Textile products, including wearing apparel, clocked the highest growth of 23.2 per cent, followed by 20.9 per cent in 'other manufacturing industries' and 16.6 per cent in basic metal and alloy industries.

However, wood and wood products, furniture and fixtures have shown a 6.3 per cent negative growth, followed by a decline of 4.6 per cent in wool, silk and man-made fibre textiles and 2.8 per cent in jute and other vegetable fibre textiles (except cotton).   

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