11 december 2004

industrial growth at 10 percent for october
new delhi: the official index of industrial production (iip) has registered a year-on-year increase of 10.1 per cent in october.

the index for `manufacturing' has gone up by 11.3 per cent year-on-year during october 2004 (against 7.1 per cent in october 2003), with the corresponding growth rates being 4.7 per cent (2.4 per cent) for `mining' and 3.8 per cent (2.6 per cent) in the case of `electricity'.

for the april-october 2004 period as a whole, the overall growth rate for industry has been 8.4 per cent (6.2 per cent during april-october 2003), making the current fiscal the best since 1995-96, when industry grew by a heady 13 per cent.

while manufacturing growth during the first seven months of 2004-05 stood at 8.8 per cent (against 6.8 per cent in april-october 2003), the corresponding cumulative numbers for mining and electricity were 5 per cent (3.9 per cent) and 7.1 per cent (2.9 per cent), respectively.