INDUSTRIAL PRODUCTION RECORDS A GROWTH
OF 14 POINT 4 PERCENT IN NOVEMBER 2006 HIGHEST IN OVER A DECADE
Date : 25 Jan 2007
Location : New Delhi
As per the Quick Estimates of Industrial Production released by the
Central Statistical Organization, the industrial production registered a high
growth of 14.4% in November 2006, as compared to the level in the month of
November 2005. This is the highest growth in over a decade. Industrial growth
during the first 8 months (April 2006 to November 2006) of the current financial
year is up by 10.6% as compared to 8.3% registered in the same period last year.
The Manufacturing Sector which has the highest weight in the Index of
Industrial Production basket has shown an impressive performance with a robust
growth of 15.7% in November 2006. It had grown by 16.1% in May 1996 and in the
recent past the closest high growth has been registered in July 2006 at
14.3%.The Mining and Quarrying Sector has shown a growth of 7.0%, while as the
Electricity Sector has registered a growth of 8.7% during November 2006 as
compared to November 2005.
The industries that have performed well in November 2006 include ‘Basic Metal
& Alloy Industries (25.4%), ‘Rubber, Plastic, Petroleum and Coal Products’
(23.2%) , ‘Transport Equipment and Parts’ (21.8%), ‘Other Manufacturing
Industries’(19.8%), ‘Cotton Textiles’ (18.3%), ‘Wool, Silk and man-made Fibre
Textiles’ (18.2%), ‘Leather and Leather & Fur Products’(17.7%), ‘Non-Metallic
Mineral Products' (17.7%), ‘Machinery and Equipment other than Transport
Equipment’ (17.3%), ‘Textile Products (including Wearing Apparel)’(16.0% ) and
Paper & Paper Products and Printing, Publishing & Allied Industries (15.6% ).
Among the use-base economic sub-groups, Capital Goods have registered an
impressive growth of 25.3% during November 2006 over November 2005. The
Intermediate Goods have also recorded a high growth of 16.7%. This augurs well
for the future growth of the Indian industry.