Industrial production for Nov 2006 grows 14.4 pc

New Delhi, Jan 25 (UNI) Registering the highest growth rate in over a decade, Industrial production for November 2006 grew at 14.4 per cent, data released by the Central Statistical Organisation revealed today.

Industrial growth during the first eight months (April 2006-November 2006) of the current financial year was up by 10.6 per cent as compared to 8.3 per cent during the same period last year.

The manufacturing sector which has the highest weight in the index of industrial production showed an impressive performance with a robust growth of 15.7 per cent in November 2006.

It had grown by 16.1 per cent in May 1996. In the recent past, the closest high growth was registered in July 2006 at 14.3 per cent.

The mining and quarrying sector registered a growth of seven per cent while the electricity sector grew at 8.7 per cent during November 2006 as compared to November 2005.

The industries that have performed well in November 2006 include basic metal and alloy industries (25.4 per cent); rubber, plastic, petroleum and coal products (23.2 per cent); transport equipment and parts (21.8 per cent); other manufacturing industries (19.8 per cent), cotton textiles (18.3 per cent); wool, silk and man-made fibre textiles (18.2 per cent), leather and leather and fur products (17.7 per cent); non-metallic mineral products (17.7 per cent); machinery and equipment other than transport equipment (17.3 per cent); textile products (including wearing apparel) (16 per cent) and paper and paper products and printing, publishing and allied industries (15.6 per cent).

Among the use-base economic sub-groups, capital goods registered an impressive growth of 25.3 per cent during November 2006 over November 2005. The intermediate goods have also recorded a high growth of 16.7 per cent.

UNI