The Hindu : Industrial output maintains growth

Online edition of India's National Newspaper
Saturday, Dec 13, 2003

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Industrial output maintains growth

By Our Special Correspondent

NEW DELHI DEC. 12. Industrial production for April-October has revealed a mixed trend. While the index of industrial production (IIP) for October alone shows a lower growth of 5.4 per cent against 7 per cent in the same month of last year, the overall IIP for the seven month period has grown at 5.9 per cent, which is higher than the growth of 5.6 per cent growth for April-October 2002. Data released by the Central Statistical Organisation (CSO) show that the mining sector grew by 3.9 per cent during the seven month period against 6.2 per cent in the same months of the previous year while manufacturing was up 6.5 per cent against 5.8 per cent in the previous year. Electricity generation showed lower growth of 2.8 per cent against 4 per cent last year. The overall IIP, therefore, reflected a 5.9 per cent growth against 5.6 per cent in the same month so of last year.

Figures for October alone show that mining was up 2.1 per cent against 4.2 per cent in October 2002 while manufacturing was up 6.2 per cent against 7.3 per cent. Electricity generation was up only 1.6 per cent against 7.1 per cent. Thus, the overall IIP was up only 5.4 per cent against 7 per cent.

Use-based statistics released by the CSO show that basic goods production was up 4.6 per cent during April-October against 5 per cent in the corresponding period of last year, capital goods were up by 8.1 per cent against 10.6 per cent and intermediate goods by 4.6 per cent against 2.4 per cent. Consumer goods production was up 8.2 per cent against 8.1 per cent. In this segment, consumer durables were up 6.1 per cent against a decline of 6.5 per cent while consumer non-durables were up 8.9 per cent against 14.2 per cent.

October figures for this segment show that basic goods production was up 4.7 per cent against 5.3 per cent in October last year, capital goods up 4.6 per cent against 17.5 per cent and intermediate goods by 4.2 per cent against 5.5 per cent.

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