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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