India's Industrial production up 8% in 99-2000

Ulhas Joglekar ulhasj at SPAMbom4.vsnl.net.in
Fri May 12 21:33:46 MDT 2000


Saturday 13 May 2000

Industrial production up 8%
NEW DELHI: Led by a remarkable recovery in the manufacturing sector,
industrial production during 1999-2000 posted an impressive eight per cent
growth against 3.9 per cent recorded last year.
The manufacturing sector grew by nine per cent during April-March 1999-2000,
compared to only 4.3 per cent in the same period last year, according to
quick estimates of Index of Industrial Production (IIP) released by the
Central Statistical Organisation (CSO) on Friday.
Other sectors which attributed to higher industrial growth were electricity,
which grew at 6.6 per cent compared to 6.5 per cent in 1998-99 and mining
sector which registered a growth rate of 0.6 per cent against a negative 1.7
per cent recorded last year.
In March, industrial production registered a growth rate of 8.6 per cent
compared to 4.4 per cent in the same month last year, the estimates showed.
The manufacturing sector, which accounts for nearly four-fifths of the total
weight of IIP, grew by a whopping 9.6 per cent in March against 5.4 per cent
last year.
Among the use-based category, the recovery was led by consumer durables and
intermediate goods.
Consumer durables posted a growth rate of 12.2 per cent during the last
financial year against 4.7 per cent in 1998-99. The sector during March grew
at 6.7 per cent.
The consumer non-durables goods sector during 1999-2000 showed a growth rate
of four per cent against a meagre 1.8 per cent growth in 1998-99, the
estimates said.
It said that the sector during March grew by a impressive 6.5 per cent
compared to only 1.7 per cent during the corresponding period in 1999. (PTI)
For reprint rights: Times Syndication Service
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