The central statistical organisation of the ministry of statistics and programme implementation`s Index of Industrial Production (IIP) for the month of April 2008 has climbed 7% as compared to the level in the month of April 2007 and stands at 268.3. The revised annual growth for the period April-March 2007-08 has also risen 8.3% over the corresponding period of the previous year.
The IIP figures for the mining, manufacturing and electricity sectors for the month of April 2008 stood at 175.0, 287.0, and 218.2 respectively, with the corresponding growth rates of 8.6%, 7.5% and 1.4% as compared to April 2007. The revised annual growth in the three sectors during April-March, 2007-08 over the corresponding period of 2006-07 has been 5.1%, 8.7% and 6.4% respectively, which nudged up the overall growth in the general index to 8.3%.
The industry group of beverages, tobacco and related products has displayed the highest growth of 30.7%, followed by 15.4% in the basic chemicals & chemical products group and 11.4% in the transport equipment and parts segment. On the other hand, jute and other vegetables fibre textile industries have shown a negative growth of 9.9% followed by 6.3% in food products and 2.0% in textile products.
The sectoral growth rates in April 2008 have registered a growth of 4.6% in basic goods, 14.2% in capital goods and 4.2% in intermediate goods as compared to April 2007. The consumer durables and consumer non-durables sectors have witnessed a growth of 5.5% and 9.8% respectively, with the overall growth in consumer goods being 8.9%.
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