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Aided by a rebound in manufacturing performance, the country's factory output grew 6.8 per cent in January on a year-on-year basis, official data released today showed.
On a cumulative basis, the Index of Industrial Production recorded 4 per cent growth for the period April-January 2012.
While mining output contracted 2.7 per cent in January, manufacturing and electricity recorded robust growth of 8.5 per cent and 3.2 per cent respectively for the same month.
As per use-based classification, there was negative growth of 1.5 per cent in capital goods, intermediate goods (-3.2 per cent) and consumer durables (-6.8 per cent). However, positive growth was achieved in basic goods (1.6 per cent) and consumer non-durables (42.1 per cent).
PTI reports : Growth in factory output growth, as measured by the Index of Industrial Production (IIP), was, however, higher at 7.5 per cent in January 2011.
IIP growth has been revised upwards to 2.5 per cent in December, from the provisional estimates of 1.8 per cent.
Besides, output of consumer goods grew 20.2 per cent in January, as compared to 8.3 per cent in the same month last year.
Power generation witnessed a slow growth of 3.2 per cent in January, compared to 10.5 per cent in the year ago period.
During the month, 13 out of 22 industry groups witnessed growth.
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