Industrial growth during November 2005 slumped to 6.9 per cent from 7.7 per cent in the year-ago period, mainly due to poor performance in all key areas of manufacturing, mining and electricity.
According to data released by the government, manufacturing, occupying nearly two-third weightage in the Index of Industrial Production, slowed down to register a growth rate of 8.1 per cent in the month under review compared to 8.6 per cent in November 2004.
The cumulative growth during April-November period of current financial year also declined to 8.3 per cent from 8.6 per cent in the corresponding period last fiscal.
Mining sector was the worst performer with negative figure of 1.4 per cent in November 2005 from 3.6 per cent in November 2004. While electricity sector growth declined to 2.7 per cent in November from 3.4 per cent in same month of 2004.
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