Business   

Industrial output up 5 p.c. in Dec.

By Our Special Correspondent

NEW DELHI FEB. 11. Latest data from the Central Statistical Organisation (CSO) show that industrial production recorded a growth rate of 5.3 per cent during April-December 2002, more than double the growth rate of 2.5 per cent registered during the same period of the preceding year.

The sectoral data in this context show that the mining sector grew by 5.6 per cent during the nine months against 0.9 per cent, manufacturing by 5.4 per cent against 2.7 per cent and electricity generation by 3.8 per cent against 2.8 per cent. Consequently, the general Index of Industrial Production (IIP) recorded a 5.3 per cent growth against 2.5 per cent.

Corresponding data for December 2002 alone show that mining was up 4.6 per cent against 1.8 per cent growth in December 2001 and manufacturing 5.3 per cent against 3 per cent.

However, electricity generation recorded a lower growth of 2.5 per cent against 4.2 per cent and the general IIP grew by 5 per cent against 3 per cent.

Use-based data released by the CSO show basic goods production was up 4.5 per cent during the nine month period under reference against 2.2 per cent in the same months of 2001, capital goods by 10.3 per cent against a negative 4.8 per cent, intermediate goods by 2.6 per cent against 2 per cent and consumer goods by 7.2 per cent against 6 per cent. In this segment, consumer durables were down (negative) 5.5 per cent against a growth of 12.1 per cent and consumer non-durables by 12.3 per cent against 3.7 per cent.

Data for December 2002 alone show basic goods production was up 3.4 per cent against 3.2 per cent, capital goods by 11.7 per cent against negative 3.9 per cent, intermediate goods by 3 per cent against 0.6 per cent and consumer goods by 6.6 per cent against 7 per cent. In this segment, consumer durables recorded negative 1.9 per cent against a growth of 6 per cent and consumer non-durables 9.2 per cent against 7.3 per cent.

Also, as many as 12 of the 17 two-digit industry groups have shown positive growth during December 2002 compared to December 2001.

Beverages, tobacco and related products have shown the highest growth of 32.6 per cent, followed by 18.6 per cent growth in transport equipment and parts and 15.4 per cent in metal products and parts, except machinery and equipment.

On the other hand, basic chemicals and chemical products (except products of petroleum and coal) have shown a negative growth of 4.1 per cent followed by a decline of 1.8 per cent in wood and wood products, furniture and fixtures and 0.8 per cent in cotton textiles.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Software exports garner $6.9b in Apr.-Dec.
• General Motors launches Chevrolet brand
• Industrial output up 5 p.c. in Dec.
• Fitch retains India's forex, local debt ratings
• Tax collections up
• RBI pumps fresh equity in NHB
• Stock Market Index
• Exchange rates
• Bullion rates
• Tektronix launches Rasterizer
• Eutelsat in-flight Internet connectivity
• Glenmark to divest subsidiary
• Canfina to discontinue NBFC activity
• Franklin Templeton's feat
• Complaint to EU against Microsoft
• New GM for SBI Chennai circle

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu