Revival on track, FDI inflows up 9 per cent
The Economic Survey highlighted the revival of fortune in the industrial sector during April-November.business Updated: Feb 25, 2010 20:54 IST
The Economic Survey highlighted the revival of fortune in the industrial sector during April-November.
With the exception of consumer non durables, all use based industrial groups like durables, capital goods, electricity, mining and manufacturing have recovered.
Transport equipment, rubber and petroleum, wool, silk and man-made textiles, machinery and equipment and chemicals witnessed higher growth, while beverages, tobacco, food products and jute textiles witnessed decline in performance.
The flow of foreign direct investment (FDI) remained unaffected by the global slowdown. During April-november 2009 FDI inflows stood at Rs 93,354 crore against Rs 85,700 crore registering a growth of 9 per cent over 2008. In 2008-09, FDI inflow had grown by 25 per cent over 2007-08. Agricultural services, sea transport and electrical equipment witnessed maximum jump in FDI.