Led by a strong performance from the manufacturing sector, industrial growth shot up to 8 per cent during January 2005 while posting a higher 8.4 per cent growth in the April-January period this fiscal.
Growth rate remained unchanged at 8 per cent in January 2005 compared to the same month a year ago. However, during the first 10 months this fiscal growth rate shot up to 8.4 per cent as against 6.7 per cent in April-January 2003-04.
According to Quick Estimates of Index of Industrial Production, manufacturing sector during the first 10 months of the current fiscal grew by 9.2 per cent as against 7.3 per cent during the same period of the previous fiscal.
The sector grew by 9.3 per cent during January 2005 as against 8.2 per cent during the same period of 2003-04.
During the review month, growth of the electricity sector declined to 2.3 per cent compared to 6.1 per cent during
January 2004 even though cumulative growth during April-January 2004-05 shot up to 6 per cent as against 3.7 per cent in the corresponding period previous fiscal.
The mining sector grew by 4.6 per cent during the first 10 months as against 4.7 per cent during April-December
2003-04. However, the growth in the sector fell to a mere 1.9 per cent compared to an impressive 8.7 per cent a year ago, as per the quick estimates.