The Hindu Business Line : Industrial growth at decade-high in Nov

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New Delhi Jan. 25 Industrial growth across sectors hit a decade's high at 14.4 per cent during November 2006, an official news release said.

For the first eight months in the current financial year ending November 2006, the industrial growth has been reported to be 10.6 per cent as against 8.3 per cent in the relative period in 2005-06.

As per the Quick Estimates of Industrial Production released by the Central Statistical Organisation, the manufacturing sector clocked a 15.7 per cent year-on-year growth in November 2006. The mining and quarrying sector reported a growth of 7 per cent, while the electricity sector has registered a growth of 8.7 per cent.

The industry sub-categories performance in November 2006 include the basic metal and alloy industries (25.4 per cent), rubber, plastic, petroleum and coal products (23.2 per cent), transport equipment and parts (21.8 per cent), other manufacturing industries (19.8 per cent), cotton textiles (18.3 per cent), wool, silk and man-made fibre textiles (18.2 per cent), leather and leather and fur products (17.7 per cent), non-metallic mineral products (17.7 per cent), machinery and equipment other than transport equipment (17.3 per cent), textile products (including wearing apparel) (16 per cent) and paper & paper products and printing, publishing & allied industries (15.6 per cent).

Among the use-base economic sub-groups, capital goods registered a growth of 25.3 per cent during November 2006. The intermediate goods have recorded a growth of 16.7 per cent.