NEW DELHI, NOV 12: Fuelled by strong electricity and manufacturing sector performances, industry recorded an impressive 6.4 per cent growth in the first half of 1999-2000, up from just four per cent in April-September 1998.Electricity sector alone recorded a very high 16.5% growth in September 1999 as against a meagre 0.5% in the comparable period of last year to provide the growth momentum which was well supported by a 6.8 per cent increase in manufacturing sector.As per the quick estimates index of industrial production (IIP) data released by the government, the industrial output spurted by 7.6 per cent in September alone as against just 2.8 per cent in the comparable month last year.
After a miserable minus 0.4 per cent growth in the first half of last year, the mining sector grew by 0.4 per cent during April-September, mainly on the strength of 4.5 per cent growth recorded in September, the quick estimates by the Central Statistical Organisation (CSO) revealed.
The consumer durables sectorperformed most creditably with 12.8 per cent growth during the first half of the current fiscal as against a lowly 1.9 per cent during the same period last year.
However, capital goods and consumer non-durable sectors posted lower growth rates of 9.2 per cent and 1.6 per cent during April-September this year compared to 11.1 and 1.8 per cent respectively during the year-ago period.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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