New Delhi: The first quarter industrial output grew
by 7.6 per cent as against a growth of 5.7 per cent registered
during the same period last fiscal.
According
to estimates of the Index of Industrial Production (IIP)
released yesterday by the ministry of statistics and programme
implementation, industrial growth during June this year
was estimated at 7.3 per cent (6.7 per cent).
The manufacturing sector grew by 7.9 per cent during the
first quarter as against 6 per cent registered during
the same period last fiscal, according to the estimates.
During June alone, the sector grew by 8 per cent (6.9
per cent).
The
growth in the electricity sector slowed down to 4.2 per
cent during June from 5.4 per cent during the same month
last year, cumulatively, during April-June this fiscal,
the sector registered a growth of 5.8 per cent as against
4.2 per cent during the same quarter last fiscal.
The
mining and quarrying sector grew by 6.1 per cent during
the first quarter as against 5.6 per cent during the same
period last year. It, however, registered a lower growth
rate of 3.3 per cent during June, compared with the growth
of 5.7 per cent witnessed in the same month last year.
As
per the "use-based" classification of the IIP,
the growth rate during the first three months in the basic
goods stood at 4.6 per cent (4.4 per cent). The segment
grew by 2.9 per cent in June (5.5 per cent). The capital
goods and the intermediate goods registered double-digit
growth of 14.9 per cent and 10.4 per cent, respectively
during the first quarter as against 8.4 per cent and 2.8
per cent, respectively during the same period last fiscal.
Capital goods sector grew by 17.5 per cent (10.9 per cent),
while the intermediate goods sector rose by 7.5 per cent
(6.7 per cent).
The
growth rates of consumer goods, consumer durables and
consumer non-durables groups during the first quarter
of this year stood at 5.9 per cent, 11 per cent and 4.3
per cent, respectively as against 9.4 per cent, 4 per
cent and 11 per cent respectively.
As
many as 10 of the 17 two-digit industry groups have shown
positive growth during June 2004, compared to the corresponding
month last year.
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