Industrial output growth has slowed down to 7.8 per cent in 2010-11 from from 10.5 per cent in the previous fiscal.The fall in industrial out put growth is due to poor performance of the manufacturing and mining sectors.Factory output in March, as measured in terms of the Index of Industrial Production (IIP) released today, also witnessed lower growth of 7.3 per cent. It was 15.5 per cent in the same month a year ago.The manufacturing sector saw its annual growth fall to 8.1 per cent in 2010-11 from 11 per cent in the previous fiscal. The mining sector also saw a decline in growth to 5.9 per cent in 2010-11 from 9.9 per cent in the previous fiscal. The capital goods segment was among the most affected as it grew by just 9.3 per cent in 2010-11, compared to a robust 20.9 per cent in the previous fiscal. Production in the consumer non-durables segment went up by 2.2 per cent during the 2010-11 fiscal, as against 0.4 per cent in 2009-10.
News On AIR | May 12, 2011 5:50 PM
Industrial output growth declines to 7.8 percent