Mumbai:
Industrial growth in the country shot up to 14.4 per
cent in November 2006, the fastest in over a decade, on
the back of an impressive 15.7 per cent growth of the
manufacturing sector.
The
index of industrial production (IIP) stood at 14.4 per
cent during the month against six per cent in the same
month of 2005, according to data released by the government.
The
basic goods sector grew by 11.6 per cent in November 2006
while capital goods sector grew by 25.3 per cent, intermediate
goods sector by 16.7 per cent and consumer goods sector
by 11.9 per cent.
This comes against the backdrop of a slow-down in industrial
output to 4.37 per cent in October 2006.
Growth
in the manufacturing sector stood at 15.7 per cent in
November 2006 against seven per cent in the same month
of the previous year, while power generation grew by 8.7
per cent against 3.4 per cent. Mining output rose by seven
per cent against a negative 2.1 per cent in November 2005.
Cumulative industrial growth during April-November 2006
stood at 10.6 per cent as against 8.3 per cent in the
corresponding period of previous fiscal.
Manufacturing
sector reported a double-digit growth in the first eight
months of current fiscal at 11.5 per cent compared to
9.4 per cent in the same period a year-ago.
During
April-November 2006-07, mining sector grew by 3.8 per
cent compared to 0.5 per cent in the year-ago period while
electricity generation advanced by 7.3 per cent compared
to five per cent.
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