labels: industry - general, economy - general
Industry grows at a record 14.4 per cent in November 2006news
12 January 2007

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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Industry grows at a record 14.4 per cent in November 2006