Showing signs of recovery, the industrial production grew by 6.8 per cent in January, mainly due to improvement in the manufacturing sector. According to the official data released today, growth in factory output, as measured by the Index of Industrial Production (IIP), was however higher at 7.5 per cent in January 2011. IIP growth has been revised upwards to 2.5 per cent in December, from the provisional estimates of 1.8 per cent.Output of the manufacturing sector, which constitutes over 75 per cent of the index, rose 8.5 per cent in January, compared to 8.1 per cent in the same month last year. Besides, output of consumer goods grew 20.2 per cent in January, as compared to 8.3 per cent in the same month last year. The production of the non-durable consumer goods segment has shown signs of improvement and grew by 42.1 per cent in the month under review.However, the capital goods sector witnessed a contraction of 1.5 per cent, as against a growth of 5.3 per cent in the same month last year. Mining output too contracted by 2.7 per cent in January, against 1.7 per cent growth in the year ago period. The power generation witnessed a slow growth of 3.2 per cent in January, compared to 10.5 per cent in the year ago period.
News On AIR | March 12, 2012 12:18 PM
Jan Industrial production grows by 6.8%