Financial Daily from THE HINDU group of publications
Thursday, Apr 13, 2006
Financial Daily from THE HINDU group of publications Thursday, Apr 13, 2006 |
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Industry & Economy
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Economy Industrial production up 8.8 pc in Feb Our Bureau
New Delhi , April 12 Fuelled by the growth in capital goods and consumer goods the overall Index of Industrial Production (IIP) registered an 8 per cent increase during April-February 2005-06 period against the first 11 months of the previous fiscal, according to the official figures released here today. The IIP for February rose to 227.3, up 8.8 per cent against the corresponding month of the previous year. According to figures released, the IIP for mining, manufacturing and electricity sectors stood at 153.9, 242.3, and 186, respectively in February against 152.5, 221.3 and 170.7 in February 2005. The cumulative growth during April-February 2005-06 in these three sectors stood at 0.5 per cent, 9 per cent and 5.3 per cent, respectively. In terms of industries, 13 out of the 17 industry groups represented in the index have shown positive growth in February 2006.
Positive growth
The industry group represented in the `Other Manufacturing Industries' category has shown the highest growth of 20.3 per cent, followed by 16.2 per cent in food products and 15.5 per cent in textile products including wearing apparel, the release stated. Wood and wood product, furniture and fixtures have registered a negative growth of 24.5 per cent, followed by a decline of 14.9 per cent in leather and fur products and a 7 per cent fall in jute and other vegetable fibre textiles.
Sectoral growth
According to use-based classification, the sectoral growth rates for the period stood at 8.5 per cent for basic goods, 13.5 per cent in capital goods and 2.5 per cent in intermediate goods. The consumer durables and consumer non-durables have recorded growth of 18.2 per cent and 10.6 per cent, respectively, with the overall growth in consumer goods being 12.4 per cent.
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