06-13-2008, 02:10 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Industrial growth down at 7% </b>
PNS / PTI | New Delhi
Fiscal 2008-09 began on somber note with industrial growth in April dropping to 7 per cent compared to 11.3 per cent in the same month a year ago owing to high interest rates and input costs.
Nonetheless, the silver is that the performance in April, is much better than the 3.9 per cent growth rate witnessed during March, the last month of the previous fiscal, according the Index of Industrial Production (IIP) data released on Thursday
....
While the growth in manufacturing and electricity sectors dipped in the month, mining posted a robust growth. The growth in manufacturing declined sharply to 7.5 per cent from 12.4 per cent in the corresponding period last year.
The electricity generation also saw a steep fall to 1.4 per cent against 8.7 per cent during the same month last year. The mining sector, however, posted an impressive show of 8.6 per cent growth, up from 2.6 per cent <!--QuoteEnd--><!--QuoteEEnd-->
PNS / PTI | New Delhi
Fiscal 2008-09 began on somber note with industrial growth in April dropping to 7 per cent compared to 11.3 per cent in the same month a year ago owing to high interest rates and input costs.
Nonetheless, the silver is that the performance in April, is much better than the 3.9 per cent growth rate witnessed during March, the last month of the previous fiscal, according the Index of Industrial Production (IIP) data released on Thursday
....
While the growth in manufacturing and electricity sectors dipped in the month, mining posted a robust growth. The growth in manufacturing declined sharply to 7.5 per cent from 12.4 per cent in the corresponding period last year.
The electricity generation also saw a steep fall to 1.4 per cent against 8.7 per cent during the same month last year. The mining sector, however, posted an impressive show of 8.6 per cent growth, up from 2.6 per cent <!--QuoteEnd--><!--QuoteEEnd-->