Manufacturing, power sectors help IIP expand 2.4 % in January
12 Mar 2013
Industrial production in the country expanded 2.4 per cent in January 2013 against the 0.5 per cent growth recorded in December 2012.
The growth, on the back of improved performance by the manufacturing sector and an increase in power generation, strengthens hopes that the figures are an early sign of an economic revivial.
The general index of industrial production for January 2013 stood at 181.8, which was 2.4 per cent higher as compared to the level in January 2012.
Industrial production as measured by the index of industrial production (IIP) having 2004-05 as the base, had grown by 1 per cent in January 2012.
Output during the first 10 months of the 2012-13 financial year (April-January 2012-13) grew just 1 per cent against the 3.4 per cent growth recorded in the comparable period of fiscal 2011-12, official data released today showed.
The Central Statistics Office (CSO) has revised IIP figures for December 2012 upward to 0.5 per cent from a negative (-) 0.6 per cent provisionally estimated.
