Industrial production recovers with 2.4 per cent growth in November

12 January 2009

Industrial production in the country rose 2.4 per cent in November 2008 compared to a negative (-0.4 per cent) in the previous month (October 2008) and 4.9 per cent the same month of the previous year.

The general index of industrial production (base 1993-94 = 100) for November 2008 stood at 267.2, up 2.4 per cent from the level in November 2007, according to quick estimates of index of industrial production (IIP) released by the Central Statistical Organisation. 

The cumulative growth for the period April-November 2008-09 stood at 3.9 per cent compared to the corresponding period of the previous year.

The indices of production for the mining, manufacturing and electricity sectors for November 2008 stood at 175.0, 285.7, and 217.5 respectively, with the corresponding growth rates of 0.5 per cent, 2.4 per cent and 3.1 per cent compared to November 2007.

Cumulative growth of production for the three sectors during April-November 2008-09 over the corresponding period of 2007-08 stood at 3.4 per cent, 4.0 per cent and 2.9 per cent respectively, which moved the overall growth in the general index to 3.9 per cent, the release said.

In terms of industries, as many as 10 out of the seventeen 17 industry groups (as per 2-digit NIC-1987) have shown positive growth during November 2008 as compared to the corresponding month of the previous year.