Industrial growth rebounds to 6.8% in Jan

Industrial growth rebounds to 6.8% in Jan

By: || Updated: 12 Mar 2012 01:30 AM


New Delhi: Showing
signs of recovery, industrial production gathered pace and grew 6.8% in
January, over the previous month, mainly due to improvement in the
manufacturing sector.

Growth in factory output growth, as
measured by the Index of Industrial Production (IIP), was however higher
at 7.5% in January 2011.

IIP growth has been revised upwards to
2.5% in December, from the provisional estimates of 1.8%.

Output
of the manufacturing sector, which constitutes over 75% of the index, rose
8.5% in January, compared to 8.1% in the same month last year, according
to the official data released on Monday.

Besides, output of
consumer goods grew 20.2% in January, as compared to 8.3% 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% in the month under
review.

However the capital goods sector witnessed a contraction
of 1.5%, as against a growth of 5.3% in the same month last year.

Mining
output too contracted by 2.7% in January, against 1.7% growth in the year
ago period.

The power generation witnessed a slow growth of 3.2%
in January, compared to 10.5% in the year ago period.

During the
month, 13 out of 22 industry groups witnessed growth. Output of basic
goods went up by meagre 1.6%, as against 7.7% in the year ago period.
However, intermediate goods witnessed a contraction of 3.2%, as against
7.4% growth in January last year.

During the April-January period
this fiscal, the IIP growth stood at 4%, as against 8.3% in same period in
2010-11.





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