Driven by high growth in the manufacturing sector, the industrial production recorded a high 7.4 per cent growth in November 2003, compared to a mere 4.1 per cent in the same period previous year.
As per the latest quick estimates of index of industrial production, the cumulative growth from April to November this fiscal was 6.2 per cent, up from 5.4 per cent in the year ago period.
As per the segment-wise break-up, while the manufacturing recorded 8.1 per cent growth during November, the electricity sector recorded 4.3 per cent growth and mining posted 4.1 per cent growth.
Cumulatively, the growth during April to November 2003-04 stood at 6.8 per cent for manufacturing, 3.1 per cent for electricity and 3.9 per cent for mining.
As many as 14 of the 17 industrial groups have shown positive growth during November as compared to the corresponding period previous year.
Paper and paper products and printing, publishing and allied industries have shown the highest growth of 24.3 per cent followed by 19.9 per cent in transport equipments and parts and 15.1 per cent in basic chemicals and chemical products, excluding petroleum and coal.
Jute and other vegetable fibre textiles, except cotton showed a negative growth of 6.6 per cent followed by a decline of 5.6 per cent in beverages, tobacco and related products, and 0.1 per cent in other manufacturing industries.
While the growth in capital goods was 12.1 per cent, the intermediate goods posted 8.9 per cent growth and basic goods 5.3 per cent growth.
The consumer durables and consumer non durables recorded 14.1 per cent and 4.7 per cent surge, resulting in an overall growth of 6.9 per cent.