Financial Daily from THE HINDU group of publications
Saturday, Oct 22, 2005
Financial Daily from THE HINDU group of publications Saturday, Oct 22, 2005 |
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Economy Industry & Economy - Economy Mining sector pulls down IIP to 7.4 pc in Aug Our Bureau
New Delhi , Oct. 21 NEGATIVE growth in the mining sector during August has pulled down the overall growth in industrial production to 7.4 per cent against 8.6 per cent in August 2004, according to an official release. On a cumulative basis, however, the Index of Industrial Production (IIP) for the first five months of the current fiscal grew by 8.8 per cent compared to eight per cent in April-August 2004. The mining sector registered a negative growth of 1.3 per cent during August against a positive growth of 4.4 per cent recorded in August 2004. Among the use-base economic sub-groups, consumer durables have shown the highest growth of 13.1 per cent during August. Growth rate in the manufacturing sector, which has the highest weight in the IIP basket, stood at 8.2 per cent in August against 9.1 per cent in August 2004. Electricity sector registered a growth of 7.8 per cent in August compared to 7.4 per cent in August 2004.
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