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
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%.
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
However the capital goods sector witnessed a contraction
of 1.5%, as against a growth of 5.3% in the same month last year.
output too contracted by 2.7% in January, against 1.7% growth in the year
The power generation witnessed a slow growth of 3.2%
in January, compared to 10.5% in the year ago period.
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