India''s industrial production fell 2.3 per cent in March as against a rise of 5.5 per cent during the corresponding month in 2008, mainly due to weak performance by the manufacturing sector, the output of which contracted by 3.3 per cent during March. The sector, which accounts for almost 80 per cent of the index, registered a growth of 5.7 per cent during the same month in 2008.
For 2008-09, industrial output growth was 2.4 per cent, which was down from a high of 8.5 per cent during the previous financial year, according to the Index of Industrial Production (IIP) figures released by the government today.
The mining sector too reported dismal growth of 0.4 per cent during March as against an increase of 4.9 per cent. However, the power generation rose by 6.3 per cent during the month as compared to 3.7 per cent during the corresponding period in 2008.
For 2008-09, industrial output growth was 2.4 per cent, which was down from a high of 8.5 per cent during the previous financial year, according to the Index of Industrial Production (IIP) figures released by the government today.
The mining sector too reported dismal growth of 0.4 per cent during March as against an increase of 4.9 per cent. However, the power generation rose by 6.3 per cent during the month as compared to 3.7 per cent during the corresponding period in 2008.
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