India's industry slows for the second consecutive month in August
12 Oct 2011
Industrial production in the country continued to grow at a slow pace for the second consecutive month in August 2011 with the official index of industrial production (IIP) recording a growth of 4.1 per cent year-on-year.
Although this is marginally higher than the revised 3.8 per cent growth for the previous month - the earlier July estimate was 3.3 per cent - the 41. per cent growth rate comes on a lower base of 4.5 per cent (against an increase of almost 10 per cent for July 2010).
The general index of industrial production for August 2011 stood at 162.4, up 4.1 per cent from the level in August 2010, as per quick estimates released by the Central Statistics Office (CSO).
The cumulative growth for the period April-August 2011-12 was 5.6 per cent year-on-year.
Production indices for the mining, manufacturing and electricity sectors for August 2011 stood at 117.6, 172.6 and 149.4 respectively, with the corresponding growth rates of (-) 3.4 per cent, 4.5 per cent and 9.5 per cent, as compared to August 2010.
Cumulative year-on-year growth for the three sectors during April-August 2011-12 was 0.2 per cent, 6.0 per cent and 9.5 per cent, respectively, which moved the overall growth in the general index to 5.6 per cent.
