India's industrial output growth slows to 3.3 per cent in July
12 Sep 2011
Industrial production in the country grew at a slow 3.3-per cent in July this year from a high of 8.8 per cent logged in the previous month - the slowest since the 2.3 per cent growth hit in October 2009.
The slump was marked by a slow down in the capital goods and intermediates sectors, showing a general slowdown in production across various industries.
Quick estimates of the index of industrial production (IIP) under the revised series (base 2004-05=100) showed the index falling to 166.6 in July from 170.3 in June 2010, according to data provided by the Central Statistical Organisation (CSO).
The July figure, however, was up 3.3 per cent year-on-year compared to the July 2010 level.
Cumulative growth for the April-July 2011-12 period fell to 5.8 per cent year-on-year against the cumulative growth level of 6.8 per cent for the period April-June 2011-12 period.
Production indices for the mining, manufacturing and electricity sectors for July 2011 stood at 126.7, 176.0 and 152.1 respectively, showing corresponding growth rates of 2.8 per cent, 2.3 per cent and 13.1 per cent year-on-year.
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