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Our Bureau

New Delhi , Oct 12

The buoyant growth rates in consumer goods, consumer durables and non-durables and the capital goods sectors in August this year has offset the slowdown in power generation, mining and basic goods production and has raised the Index for Industrial Production (IIP) by 9.7 per cent, against 7.6 pc last August.

The overall growth rate for the April-August 2006 period stood at 10.6 per cent, compared to 8.7 per cent in the corresponding previous period, according to an official release.

In August this year, the manufacturing sector registered 11.1 per cent growth (8.5 per cent), while mining posted a decline of 0.1 per cent (2.5 per cent) and power generation increased at a slower rate of 3.7 per cent (7.9 per cent).

The cumulative growth during the April-August period in manufacturing went up by 11.8 per cent (9.6 per cent).

Growth in mining stood at 3.1 per cent against 1.6 per cent in the first five months of the previous fiscal.

The electricity sector posted a growth of 5.7 per cent against six per cent in April-August 2005.

The consumer durables sector recorded the highest growth of 20.2 per cent in August this year compared to 13 per cent last year.

The capital goods sector improved by 14.7 per cent, while consumer goods grew by 14.6 per cent and consumer non-durables by 12.6 per cent during August.

Related Stories:
Infrastructure sector clocks 9 pc growth in July
Infrastructure growth rate down to 6.2 pc in June
Industrial growth at 9.8 per cent on manufacturing boost

More Stories on : Economy | Economy

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