Industrial Growth Plunges To 5.3%

Growth in India''s industrial production plunged to 5.3 per cent in November this fiscal from 15.8 per cent last year following a huge decline in the manufacturing sector. The manufacturing growth dipped to 5.4 per cent in November from 17.2 per cent in 2006. Electricity segment also showed a dismal performance growing by only 5.8 per cent, against 8.7 per cent. Mining was down from 8.8 per cent to 3.5 per cent. For the April-November period of fiscal 2007-08, the Index of Industrial Production settled at a single digit figure of 9.2 per cent against 10.9 per cent in the same period last year.All the segment indices were in the single digit for the April-November period.