New Delhi: Government released data on March 12 on industrial growth. Up to now, it was the consumer goods segment which was the slacker as far as growth in 2007-08 was concerned, but the latest data on Index of Industrial Production (IIP) have shown a sharp fall in the growth rate of the capital goods sector, which basically means that fresh investments are not keeping pace with the expected growth projections. The capital goods sector growth fell to just 2.1 per cent.
The IIP data for January 2008 indicated that the overall index grew by 5.3 per cent against a 11.6 per cent growth in January 2007, brought down by the decline in all the major segments like mining (1.8 per cent growth against 7.7 per cent), manufacturing (5.9 per cent against 12.3 per cent) and electricity generation (3.3 per cent against 8.3 per cent). Cumulative April-January 2007-08 data are slightly better, with the mining sector growth at 4.6 per cent (against 4.8 per cent), manufacturing at 9.2 per cent (12.1 per cent) and electricity generation growing at 6.3 per cent (7.6 per cent). Overall IIP for April-January 2007-08 was 8.7 per cent against 11.2 per cent in the comparable period of the preceding year.
The IIP data for January 2008 indicated that the overall index grew by 5.3 per cent against a 11.6 per cent growth in January 2007, brought down by the decline in all the major segments like mining (1.8 per cent growth against 7.7 per cent), manufacturing (5.9 per cent against 12.3 per cent) and electricity generation (3.3 per cent against 8.3 per cent). Cumulative April-January 2007-08 data are slightly better, with the mining sector growth at 4.6 per cent (against 4.8 per cent), manufacturing at 9.2 per cent (12.1 per cent) and electricity generation growing at 6.3 per cent (7.6 per cent). Overall IIP for April-January 2007-08 was 8.7 per cent against 11.2 per cent in the comparable period of the preceding year.
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