The Telegraph
Since 1st March, 1999
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Industry growth slows in July

New Delhi, Sept. 12: Industrial growth dipped to 5.6 per cent in July against 7.1 per cent in the same month last year even as the manufacturing sector saw a healthy growth.

The cumulative industrial growth in the first four months of the current fiscal, however, rose to 5.6 per cent from 5 per cent in the corresponding period in 2002-03.

According to quick estimates of the index of industrial production (IIP) released here today, the manufacturing sector grew 6 per cent in April-July 2003 against 4.8 per cent in the corresponding period in 2002. In July, the sector rose by 6.8 per cent against 6.7 per cent in the same period last year.

Consumer durables and non-durables have recorded 6.2 per cent and 6.3 per cent growth, respectively, with the overall growth in consumer goods being 6.3 per cent. The growth in July 2003 over July 2002 was 4.1 per cent in basic goods, 9 per cent in capital goods and 5.4 per cent in intermediate goods.

The mining sector, which grew by 4.6 per cent in April-July 2003 against 8.2 per cent in April-July 2002, saw growth sliding to 2.6 per cent in July 2003. The sector had registered a growth of 12.1 per cent in July last year.

The electricity sector also registered a negative growth of 1.9 per cent in July this year against 6.1 per cent during the same month last year.

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