Industrial growth rate at 6.4 per centnews
13 November 1999

India''s industrial growth rate during April-September 1999, as measured by the index of industrial production compiled by the Central Statistical Organisation, has been estimated at 6.4 per cent. It was 4 per cent in the first half of the last fiscal. The power and manufacturing sectors performed well during the period, propelling the growth rate. Industrial output rose 7.6 per cent in September 1999, against just 2.8 per cent in September 1998.

The power sector registered a steep 16.5 per cent growth against 0.5 per cent in the earlier period. Manufacturing rose 6.8 per cent.

The other sectors that have registered growth are consumer durables (12.8 per cent against 1.9 per cent last year), intermediates goods (9.1 per cent) and basic goods (5.1 per cent), mining (0.4 per cent against minus 0.4 per cent last year). Two sectors posted lower growth rates than last year. They are capital goods (9.2 per cent compared with 11.1 per cent last year) and consumer non-durables (1.6 per cent compared with 1.8 per cent).

Wood and wood products, paper and paper products, food products, textiles, metal products and transport equipment and parts continued to post negative growth rates.

 

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Industrial growth rate at 6.4 per cent