As per the Quick Estimates of Industrial Production released by the Central Statistical Organization (CSO), industrial production in India registered a healthy growth of 13.6% in April 2007 as compared to 9.9% in April 2006. Industrial growth during 2006-07 went up by 11.5% as compared to 8.2% registered in the previous year. This is the highest growth of the industrial sector since 1995-96.
The Manufacturing sector, which has about 80% weightage in the Index of Industrial Production, has registered a record growth of 15.1% in April 2007 as compared to 11.0% in April 2006. Earlier, a record growth of 12.5% was achieved during 2006-07 in the Manufacturing Sector, which augurs well for the 11th Plan, wherein a growth of 12% for the Manufacturing Sector has been envisaged.
The Mining and Quarrying sector has shown a growth of 3.4%, whereas the Electricity sector has registered a growth of 8.7% during April 2007. The industries that have performed well in April 2007 include Wood and Wood Products; Furniture & Fixtures registering growth rates of 92.2%, ‘Food Products’ (55.0%), Machinery and Equipment (19.2%) ‘Basic Metal and Alloy Industries’ (18.0%), Jute and Other Vegetable Fibre Textiles (17.7%), Leather and Leather & Fur Products (14.7%) and Rubber, Plastic, Petroleum and Coal Products (14.1%).
Among the use-base economic sub-groups, both Consumer Goods and Capital Goods have posted impressive rates of 17.7% during April 2007. Basic Goods, Intermediate Goods have recorded growth of 8.9% and 12.6% during April 2007.
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SB/NR/MRS
(Release ID :28568)