As per the Quick Estimates of Industrial Production released by the Central Statistical Organization, industrial production in India registered a ten-year high of 12.4 percent in July 2006, as compared to the level in the month of July 2005.
Industrial growth during the first 4 months (April 2006 to July 2006) of the current financial year is up by 10.6 percent as compared to 8.9 percent registered in the same period last year, Shri Kamal Nath, Unioyn Minister of Commerce & Industry, said at a news briefing.
The record high in industrial production has been propelled by the consistent high level of growth in the manufacturing sector, the Minister said.
The Manufacturing Sector has shown a robust growth of 13.3 percent in July 2006. It had grown by 13.4 percent in June 1996 and in the recent past the closest high growth was registered in June 2005 at 13.2 percent.
The industries that have performed well in July 2006 include 'Wool, Silk and man-made Fibre (MMF) Textiles' (25 percent), and 'Textile Products (including Wearing Apparel)' (17.3 percent).
Among the use-base economic sub-groups, Consumer Goods have registered an impressive growth of 17.9 percent during July 2006 over July 2005. The Capital Goods have also recorded a high growth of 15.4 percent.
Press Information Bureau Government of India
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