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Jute production shows a negative growth
13
Jun '08
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of April 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 268.3, which is 7.0% higher as compared to the level in the month of April 2007. The revised annual growth for the period April-March 2007-08 stands at 8.3% over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2008 stand at 175.0, 287.0, and 218.2 respectively, with the corresponding growth rates of 8.6%, 7.5% and 1.4% as compared to April 2007.

The revised annual growth in the three sectors during April-March, 2007-08 over the corresponding period of 2006-07 has been 5.1%, 8.7% and 6.4% respectively, which moved the overall growth in the General Index to 8.3%.

In terms of industries, as many as fourteen (14) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of April 2008 as compared to the corresponding month of the previous year.

The industry group 'Beverages, Tobacco and Related Products' have shown the highest growth of 30.7%, followed by 15.4% in 'Basic Chemicals & Chemical Products (except products of Petroleum & Coal)' and 11.4% in 'Transport Equipment and Parts'.

On the other hand, the industry group 'Jute and Other Vegetables Fibre Textile (except Cotton)' have shown a negative growth of 9.9% followed by 6.3% in 'Food Products' and 2.0% in 'Textile Products (including Wearing Apparel)'.

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