Industrial growth falls to 5.4 pc during April-Jan 2001

Industrial growth falls to 5.4 pc during April-Jan 2001
PRESS TRUST OF INDIA

Industrial growth falls to 5.4 pc during April-Jan 2001

NEW DELHI, MARCH 12: Growth in the manufacturing sector declined by 1.2 per cent to 5.6 per cent during the first ten months of 2000-01 from 6.8 per cent during the same period of the previous year, according to an official statement here.

Also, the index for electricity registered a sharp fall of 2.7 per cent to 4.5 per cent during the period against 7.2 per cent growth registered during the corresponding period in the previous year.

The mining sector, however, made an impressive gain by registering a growth of 4.2 per cent during the period as against a mere 0.5 per cent during 1999-2000. Growth in the basic goods sector witnessed a marginal dip of 0.4 per cent to 4.6 per cent during April-January 2001 against five per cent during the same period a year ago.

Capital goods sector growth witnessed a heavy fall of 3.9 per cent to a mere 2.7 per cent during the first ten months ending January 2001 as compared to 6.6 per cent during the same period in the previous fiscal.

Intermediate goods sectors also registered sharp slowdown as it went down by 4.3 per cent to 4.6 per cent during the period against 8.9 per cent registered in the previous fiscal.

Consumer goods sector made an impressive growth of 2.9 per cent during the period due to growth in consumer durables and non-durables sectors.

Consumer goods sector grew to eight per cent against 5.1 per cent during the same period of the previous fiscal.

The consumer durables sector grew to 16.5 per cent in the first ten months of current fiscal as against 13.3 per cent growth registered in 1999-2000, while consumer non-durables posted a growth of 5.2 per cent against a mere 2.8 per cent during the same period a year ago.