New Delhi, Nov. 12 (PTI): Industrial production appears to be booming with growth in September up by 6.5 per cent over the same month last year, as per the quick estimates of the Index of Industrial Production (IIP) released today. Industrial growth during the first six months (April-September) of this fiscal was also up 5.8 per cent, the report stated.
During September, indices for industrial production in almost all sectors showed growth, signalling an upturn in the economy.
Thus, mining, manufacturing and electricity sectors grew 4.4 per cent, 6.8 and 5 per cent respectively in September this year over the same month last year. Cumulative growths in these sectors during the April-September this year over 2002-03 were recorded at 4.2 per cent, 6.3 per cent and 2.9 per cent respectively.
Again, in the two-digit industry groups, 11 of 17 such groups showed growth during September this year over the same month last year with jute and other vegetable fibre textiles (except cotton) showing negative growth of 10.7 per cent during the period under review.
Also, cotton textiles and other manufacturing industries posted negative growth of 7.8 per cent and 2.1 per cent respectively.