FM concerned at slackening industrial growth numbers | Latest News Delhi - Hindustan Times
close_game
close_game

FM concerned at slackening industrial growth numbers

PTI | By, New Delhi
Nov 12, 2010 01:24 PM IST

Finance Minister Pranab Mukherjee on Friday expressed concern at massive decline in industrial growth, which almost halved to 4.4 per cent in September against 8.2 per cent a year ago.

Finance Minister Pranab Mukherjee on Friday expressed concern at massive decline in industrial growth, which almost halved to 4.4 per cent in September against 8.2 per cent a year ago.

HT Image
HT Image

"We will have to analyse why that is happening. And after that considered comments can be made. But it's a matter of concern," Mukherjee told reporters.

Hindustan Times - your fastest source for breaking news! Read now.

In the month of September, there was all-round decline in growth numbers across segments.

While manufacturing, that comprises of almost 80 per cent of the IIP, grew at slower rate of 4.5 per cent in September against 8.3 per cent a year ago, electricity generation expanded by just 1.7 per cent against 7.5 per cent.

Mining output rose by 5.2 per cent against 7.4 per cent in the year-ago period.

Also, capital goods production contracted by 4.2 per cent in September, which may have a bearing on industrial growth figures for times to come.

Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On