Mumbai: India’s industrial production growth rose by 2.5% in March, after posting a moderate growth of 0.6% in February 2013. According to the official data, the Index of Industrial Production (IIP) registered a 2.4% rise in January 2013.
“Cumulative growth in growth in the April 2012-March 2013 period was 1%,” disclosed the data released by the Central Statistical Office under the Ministry of Statistics and Programme Implementation. On the contrary the IIP figures had declined by 2.8% and the cumulative growth figures in industrial production was just 2.9%.
The manufacturing sector, which constitutes over 75% of the index, grew by 3.2 % in March, against its decline of 3.2 per cent in the corresponding period in the previous year. The cumulative growth in the manufacturing sector in the March 2012-April 2013 period was 1.2%. Similarly, the decline in the mining sector output was 2.9%, against the cumulative decline of 2.5% since April 2012. In March 2012, the mining sector growth had declined by 1.1%.The growth in the electricity sector output was 3.5%, when the cumulative growth since April 2012 was 4%. The electricity sector had posted a growth of 2.7% in March 2012.
EPC World News Bureau
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