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Manufacturing grows 6.9% in Jan, IIP up 6.4%

March 12, 2003 15:26 IST
Source:PTI

Propelled by a strong growth in manufacturing, the industrial production grew by 6.4 per cent in January over the same period of the previous year.

During January, the manufacturing sector registered its highest growth at 6.9 per cent followed by electricity at four per cent and mining at 2.7 per cent, as per the quick estimates of the Index of Industrial Production released by the Central Statistical Organisation on Wednesday.

The cumulative growth in mining, manufacturing and electricity sectors during April 2002 to January 2003 has been estimated at 5.4 per cent, 5.8 and 3.8 per cent respectively with the overall growth in the General Index during the first 10 months of this fiscal pegged at 5.5 per cent.

Moreover, as per user based classification, the growth in January 2003 over the same month in 2002 is 4.8 per cent in basic goods, 11.6 per cent in capital goods and 7.3 per cent in intermediate goods.

However, even as consumer non-durables grew by an impressive 7.2 per cent, consumer durables registered a growth of only 0.5 per cent during the first month of this year.

The overall growth in consumer goods was pegged at 5.6 per cent.

Source: PTI
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