Industrial growth slumps to 5.7% in first 9 months
New Delhi: Industrial growth slumped to 5.7 per cent during the first nine months of the current financial year as against 6.4 per cent during the corresponding period of the previous year.

An analysis of the use-based index of industrial production reveals that the cumulative growth in the basic goods, capital goods, consumer goods, consumer durables and consumer non-durables stood at 5.7 per cent during April-December, 2000 as against a meagre 2.2 per cent during the same period of 1999. The December figure for the same stood at 4.9 per cent as against 6.4 per cent during December 1999, the figures reveal.

According to quick estimates of index of industrial production (IIP), the industrial growth for December 2000 also went down to 3.4 per cent as against 8.1 per cent during the same period of 1999. While electricity output stood at 4.8 per cent during the first nine months of the current fiscal as against 7.7 per cent during same period of the previous year, manufacturing grew up 5.9 per cent as against 7 per cent during the period. However, the mining sector grew by 4.1 per cent during the period as against 0.5 per cent in the same period of April-December 1999, the estimates point out.

The official press release also says that along with the quick estimates of IIP for December 2000, the indices for November 2000 have undergone the first revision and those for September 2000 underwent the second and final revision.
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