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Industrial production up 7.4 p.c. in November

By Our Special Correspondent

NEW DELHI, JAN. 12. With a spurt in growth in the manufacturing sector to 8.1 per cent in November 2003, the Index of Industrial Production (IIP) for that month recorded an impressive 7.4 per cent increase and pushed the overall IIP growth for April-November 2003 to 6.2 per cent from 5.4 per cent in the same period in 2002.

Data released by the Central Statistical Organisation (CSO) show that all three segments of the industry performed better in November 2003 as compared to November 2002.

The mining sector, for instance, recorded an increase of 4.1 per cent against 3.7 per cent while electricity generation recorded a higher growth of 4.3 per cent against 3.5 per cent. However, manufacturing was the best performer, recording a growth of 8.1 per cent in the month under review against 4.3 per cent in the same month in 2002.

Thus, the overall IIP for November was higher by 7.4 per cent against an increase of 4.1 per cent in November 2002.

Figures for April-November 2003 show that the mining sector grew only 3.9 per cent against 5.8 per cent rise in the same period of the previous year while manufacturing was up 6.8 per cent against 5.6 per cent. Electricity generation in April-November grew only 3.1 per cent against 4 per cent in the preceding year, thereby taking the overall IIP for April-November to a growth of 6.2 per cent against 5.4 per cent.

The use-based classification of CSO data show that basic goods production during April-November was up 4.5 per cent against 4.8 per cent in the corresponding period in 2002, capital goods by 8.8 per cent against 10.4 per cent and intermediate goods by 5.4 per cent against 2.6 per cent.

Consumer goods production was up 8.1 per cent against 7.5 per cent and in this segment, consumer durables were up 7.6 per cent against a drop of 5.9 per cent in the corresponding period in 2002.

Consumer non-durables grew only 8.2 per cent against 12.9 per cent.

The figures for November alone show basic goods production was up 6.3 per cent against 3.4 per cent in November 2002, capital goods by 12.1 per cent against 10 per cent and intermediate goods by 8.9 per cent against 4 per cent.

Consumer goods production was up 6.9 per cent against 3.5 per cent while consumer durables were up 14.7 per cent against a decline of 1.4 per cent. Consumer non-durables were up 4.7 per cent against 5.2 per cent.

In the two-digit segment, 14 out of the 17 industry groups recorded positive growth during November.

Paper and paper products and printing, publishing and allied industries registered the highest growth of 24.3 per cent, followed by transport equipment and parts at 19.9 per cent and basic chemicals and chemical products (except petroleum and coal) by 15.1 per cent.

On the other hand, jute and other vegetable fibre textiles (except cotton) have registered declines 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.

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