India's industrial ouput rises to 7.1% YoY

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New Delhi, Sep 12 (UNI) The country's industrial production rose by 7.1 per cent in July 2007 from a year earlier after recording a revised annual nine per cent growth achieved in June 2007.

Data released by the Ministry of Statistics and Programme Implementation showed that slower manufacturing production pulled the growth rate in July from the levels achieved in June.

The Manufacturing index stood at 269, a rise of 7.2 per cent as compared to 10.6 per cent in June 2007.

The Mining sector index stood at 159.5 with a growth of 4.9 per cent as compared to 3.6 per cent in June 2007.

Electricity sector index for the month of July 2007 stood at 216.2 with a growth of 7.5 per cent as compared to 6.8 per cent in June 2007.

The cumulative growth during April-July, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 3.1 per cent, 10.3 per cent and 8.1 per cent respectively, which moved the overall growth in the General Index to 9.6 per cent.

Thirteen out of the seventeen industry groups have shown positive growth during the month of July 2007 as compared to the corresponding month of the previous year.

The industry group ''Wood and Wood Products; Furniture and Fixtures'' have shown the highest growth of 21.1 per cent, followed by 17.5 per cent in ''Basic Metal and Alloy Industries''.

Jute and other Vegetable Fibre Textiles (except cotton) saw a growth of 16.1 per cent.

However, the industry group ''Metal Products and Parts, except Machinery and Equipment'' showed a negative growth of 5.1 per cent followed by 4.6 per cent in ''Paper and Paper Products and Printing, Publishing and Allied Industries'' and 4.1 per cent in ''Food products''.

The Sectoral growth rates in July 2007 over July 2006 are nine per cent in Basic goods, 12.9 per cent in Capital goods and 4.7 per cent in Intermediate goods.

The Consumer durables and Consumer non-durables have recorded growth of (-)3.2 per cent and 8.4 per cent respectively, with the overall growth in Consumer goods being 5.3 per cent.

UNI

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