Industrial growth at 4.8 pc in September
Reversing the earlier trends, India's industry staged a 4.8 per cent growth rate in September from a dismal 1.42 per cent in the previous month.business Updated: Nov 12, 2008 12:55 IST
Reversing the earlier trends, industry staged a 4.8 per cent growth rate in September from a dismal 1.42 per cent in the previous month.
It was, however, still behind the seven per cent growth recorded in September last year.
For the first six months of this fiscal, industrial growth, as measured by Index of Industrial Production (IIP), stood at 4.9 per cent compared to 9.5 per cent a year ago.
The figure for August was revised to 1.42 per cent against the provisional estimate of 1.3 per cent, which many policy makers had described as aberration.
Manufacturing, which contributes around 80 per cent in the index, grew by 4.8 per cent in September from 7.4 per cent a year ago, while electricity generation grew by 4.4 per cent, more or less same at 4.5 per cent.
Mining output, however, rose by 5.7 per cent from 4.9 per cent in September 2007.
For the first half, manufacturing grew by almost half at 5.2 per cent from 10 per cent a year ago, while electricity was drastically down to 2.5 per cent from 7.7 per cent and mining to 3.8 per cent from 4.9 per cent.