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India's industrial production grew 16.7 per cent in January news
12 March 2010

Industrial production in the country grew at a robust 16.7 per cent year-on-year in January 2010, though a tad lower than the 16.8 per cent growth recorded in the previous month, ie, December 2009.

The general index of industrial production (IIP) with base 1993-94 stood at 332.3, which is 16.7 per cent above the production level in January 2009, quick estimates released by the Central Statistical Organisation showed.

Cumulative production during April-January 2009-10 was 9.6 per cent higher from the level in the comparable period of the previous financial year.

The production indices for the mining, manufacturing and electricity sectors stood at 215.6, 359.5, and 240.6, respectively, with the corresponding growth rates of 14.6 per cent, 17.9 per cent and 5.6 per cent in January 2010, compared to the January 2009 figures.

The three sectors recorded cumulative growths of 9.3 per cent, 9.9 per cent and 5.7 per cent, respectively, during April-January 2009-10, over the corresponding period of 2008-09, which moved the overall growth in the general index in the current year so far to 9.6 per cent.

As many as fourteen out of the seventeen industry groups have shown positive growth during January 2010 compared to the corresponding month of the previous year.

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India's industrial production grew 16.7 per cent in January