Mumbai:
The Index of Industrial Production (IIP) recorded a 7.4
per cent growth in February 2004, over and above the year-on-year
increase of 7 per cent during the same month of the previous
year.
The latest IIP data released by the Central Statistical
Organisation (CSO) says that the manufacturing sector
has grown by 6.7 per cent in February 2004 as against
7.1 per cent in February 2003, with the corresponding
figures amounting to 9.6 per cent (7.2 per cent) for mining
and 12.1 per cent (0.6 per cent) for electricity.
The cumulative growth for the industry as a whole during
April 2003-February 2004 worked out to 6.7 per cent, compared
with 5.8 per cent for the corresponding 11-month period
of the previous fiscal. The growth rates for manufacturing,
mining and electricity for this period were uniformly
higher at 7.2 per cent (6 per cent), 5.2 per cent (5.6
per cent) and 4.5 per cent (3.5 per cent), respectively.
The
production of capital goods, which is an indicator of
investment activity taking place in the economy went up
by 24.7 per cent in February 2004 (5.1 per cent in February
2003). For April 2003-January 2004, the growth rate of
capital goods amounted to 11.9 per cent (10.5 per cent).
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