India's industrial production grew 4.1 per cent in February
12 Apr 2012
Industrial production in the country grew at a slower pace of 4.1 per cent in February 2012 compared to the level in February 2011, showing a slackening trend in manufacturing activity.
Meanwhile, it now turns out that the 7-month high 6.8 per cent growth in the index of industrial production (IIP) recorded in January 2012 was inflated due to higher than normal reporting of consumer non-durables and has accordingly been revised to 1.1 per cent.
''The revised indices for January 2012 have undergone major changes mainly due to correction in the production data of sugar, which was originally reported as 134.08 lakh tonnes and subsequently rectified to 58.09 lakh tones,'' an official release said today.
IIP data for February 2012, released today, points to lacklustre performance of the power sector while mining activity continues to suffer.
Capital goods production, however, has picked up although the sector has been showing some amount of volatility in demand.
The general index of industrial production (base 2004-05=100) for February 2012 stood at 174.9, up 4.1 per cent from the level in February 2011.
