Search the Internet          Tips  Sites: Finance, Investment

IIP grows by over 6% in September

Industrial production in the country grew by 5.2 per cent during the first three months of the current financial year as compared to a growth of 2.4 per cent registered during the corresponding period of 2001-02.

The growth during September this year stood at 6.1 per cent as compared to 2 per cent during the same period last year.

According to the quick estimates of Industrial Production, the cumulative growth in the mining, manufacturing and electricity sectors during April-September this year stood at 6.5 per cent, 5.3 per cent and 3.4 per cent respectively.

The IIP with base at 1993-94 also reveals that the growth in these three sectors during September stood at one per cent, 7.3 per cent and -0.4 per cent respectively.

As many as 14 of the 17 two-digit industry groups have shown positive growth during the month of September, 2002, as compared to the corresponding month of the previous year, says an official release.

While beverages, tobacco and related products have shown the highest growth of 40.3 per cent, food products grew by 27.1 per cent and textile products (including apparel) 22.4 per cent, the release said.

On the other hand, leather and fur products have shown a negative growth of 36.1 per cent followed by a decline of 32.5 per cent in wood and wood products, furniture and fixtures and 3.2 per cent in machinery and equipment other than transport equipment.

ALSO READ:
Monetary & Credit Policy 2002-2003
More Money Headlines