Cumulative growth stands at 8.7%

12 Apr '08

3 min read

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of February 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 273.9, which is 8.6% higher as compared to the level in the month of February 2007. The cumulative growth for the period April-February 2007-08 stands at 8.7% over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2008 stand at 182.8, 293.9, and 211.3 respectively, with the corresponding growth rates of 7.5%, 8.6% and 9.8% as compared to February 2007.

The cumulative growth during April-February, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 5.1%, 9.1% and 6.6% respectively, which moved the overall growth in the General Index to 8.7%.

In terms of industries, as many as fifteen (15) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of February 2008 as compared to the corresponding month of the previous year.

The industry group 'Jute and Other Vegetable Fibre Textile (except cotton)' have shown the highest growth of 864.1%, followed by 18.8% in 'Leather and Leather & Fur products' and 18.2% in 'Metal Products and Parts, except Machinery and Equipment'.

On the other hand, the industry group 'Wood and Wood Products; Furniture and Fixtures' have shown a negative growth of 13.8% followed by 1.7% in 'Textile Products (including Wearing Apparel)'.

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