Industrial production dips to 0.5 pc in Jan

Posted By: Staff
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Mumbai, Mar 12: Industrial production dipped further by 0.5 per cent in Jan 2009 for the second time in the month despite Government announcing the stimulus package to boost the economy.

Industrial output had seen a growth of 6.2 per cent in 2008 of the same month.

In Jan, the mining index fell -0.4 per cent as against to 2.9 per cent growth in 2008. The manufacturing Index dropped -0.8 per cent vs 6.7 per cent growth a year earlier. The electricity index was however up 1.8 per cent on a year-on-year basis.

With industrial growth standing at 3 per cent for the first 10 months of fiscal year, it would be difficult for official projection of economic growth of 7.1 per cent in 2008-09.

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