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Cumulative growth stands at 8.1%

13
May '08
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of March 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 297.8, which is 3.0% higher as compared to the level in the month of March 2007. The cumulative growth for the period April-March 2007-08 stands at 8.1% over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2008 stand at 203.7, 319.3, and 227.1 respectively, with the corresponding growth rates of 3.8%, 2.9% and 3.7% as compared to March 2007.

The cumulative growth during April-March, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 5.0%, 8.6% and 6.4% respectively, which moved the overall growth in the General Index to 8.1%.

In terms of industries, as many as twelve(12) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of March 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 62.7%, followed by 24.9% in 'Other Manufacturing Industries' and 12.7% in 'Leather and Leather & Fur Products'.

On the other hand, the industry group 'Metal Products and Parts, except Machinery and Equipment' have shown a negative growth of 25.8% followed by 5.8% in 'Wood and Wood Products; Furniture and Fixtures' and 5.5% in 'Textile Products (including Wearing Apparel)'.


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