India's industrial production up 16.7 % in January

Continuing the upswing, industrial producton in India grew by 16.7 per cent in January, 2010 as compared to the level in the same month of 2009.

Industrial production in the country had grown by 16.8 per cent in December, 2009.

The Quick Estimates of Index of Industrial Production (IIP), with base 1993-94, for January released by the Central Statistical Organisation (CSO) of the Ministry of Statistics and Programme Implementation here today, said the General Index stood at 332.3.

An official statement, quoting the data, said the cumulative growth for the period April-January 2009-10 stood at 9.6 per cent over the corresponding period of the previous financial year.

The statement said the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for January stood at 215.6, 359.5, and 240.6 respectively, with the corresponding growth rates of 14.6%, 17.9% and 5.6% as compared to January 2009.

The cumulative growth during April-January, 2009-10 over the corresponding period of 2008-09 in the three sectors have been 9.3%, 9.9% and 5.7% respectively, which moved the overall growth in the General Index to 9.6%, the statement said.

According to the statement, in terms of industries, as many as 14 out of the 17 industry groups have shown positive growth during January as compared to the corresponding month of the previous year.

The industry group Transport Equipment and Parts showed the highest growth of 57.6%, followed by 45.9% in Machinery and Equipment other than Transport Equipment and 38.6% in Metal Products and Parts, except Machinery and Equipment.

On the other hand, Jute and Other Vegetable Fibre Textiles (except cotton) showed a negative growth of 91.0% followed by 4.0% in Food Products and 2.2% in Leather and Leather & Fur Products, it said.

The statement said the sectoral growth rates in January 2010 over January 2009 are 10.7% in Basic goods, 56.2% in Capital goods and 21.3% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 31.6% and (-)3.1% respectively, with the overall growth in Consumer goods being 4.2%.

NNN