India's industrial output up 11.7 per cent in November
12 Jan 2010
Industrial production (IIP) in the country grew 11.7 per cent year-on-year in November 2009, the highest rate of growth in 25 months, quick estimates of the Index of Industrial Production (IIP) provided by the Central Statistical Organisation (CSO) showed.
The general index of industrial production stood at 298.9 in November 2009, up 11.7 per cent from the level in November 2008.
Industrial production in India grew at 10.3 per cent in October 2009. Cumulative growth for the period April-November 2009-10 stood at 7.6 per cent, compared with the corresponding period of the pervious year.
Production indices for the mining, manufacturing and electricity sectors for November 2009 stood at 192.9, 322.6, and 223.5 respectively, with corresponding growth rates of 10.0 per cent, 12.7 per cent and 3.3 per cent, respectively, as compared with the November 2008 figures.
The three sectors recorded cumulative growth rates of 8.3 per cent, 7.7 per cent and 6.1 per cent, respectively, during April-November 2009-10, which moved the overall growth in the general index to 7.6 per cent.
As many as 14 out of the 17 industry groups have shown positive growth during November 2009 compared with the corresponding month of the previous year. The industry group 'transport equipment and parts' showed the highest growth of 38.3 per cent, followed by 'metal products and parts except machinery and equipment' 28.4 per cent and 'wood and wood products, furniture and fixtures' 19.9 per cent.
