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Industrial growth slumps to 5.7% in first 9 months

Industrial growth slumped to 5.7 per cent during the first nine months of the current financial year compared to 6.4 per cent during the corresponding period of the previous year.

According to quick estimates of index of industrial production (IIP), industrial growth for December 2000 also went down to 3.4 per cent as against 8.1 per cent during the same period in 1999.

While electricity output stood at 4.8 per cent during the first nine months of the current fiscal as against 7.7 per cent during same period in 2000, manufacturing went up 5.9 per cent as against 7 per cent compared to last year.

Estimates revealed that the mining sector grew by 4.1 per cent as against 0.5 per cent in April-December 1999.

An analysis of the use-based index of industrial production revealed that the cumulative growth in the basic goods, capital goods, consumer goods, consumer durables and consumer non-durables stood at 5.7 per cent during April-December, 2000 as against a meagre 2.2 per cent during the same period of 1999.

The December figure for the same stood at 4.9 per cent compared to 6.4 per cent in 1999.

The indices for November, 2000 underwent the first revision and those for September 2000, the second and final revision.

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