India’s industrial production up 4.8 percent in September (Lead)November 12th, 2008 - 3:50 pm ICT by IANS
New Delhi, Nov 12 (IANS) India’s industrial production expanded by 4.8 percent in September, which was higher than the poor growth of 1.3 percent in the previous month, but sharply lower than the 7 percent registered during the like month of last fiscal.Data on the official Index of Industrial Production (IIP) released Wednesday showed that cumulative growth during the first six months of this fiscal was 4.9 percent, against 9.5 percent during the corresponding period of last fiscal.
The growth during September was particularly low for electricity generation, up 4.4 percent, followed by 4.8 percent for manufacturing and 5.7 percent for the mining sector, the data showed.
The cumulative growth for mining, manufacturing and electricity generation was 3.8 percent, 5.2 percent and 2.5 percent, respectively, for the April-September period.
The use-base classification of the index showed that there was a 9.7 percent decline in the output of wood and wood products in September, even as cotton textiles index also registered a sharp decline of 9.3 percent.
The fast expansion was in transport equipment, up 16.8 percent, followed by 16.1 percent for machinery, 12.8 percent for metal products, 11.7 percent for tobacco and beverages, and 10.5 percent for other manufacturing industries.