11 per cent increase in GIIP in Haryana

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Chandigarh, Mar 23: In Haryana the General Index of Industrial Production (GIIP), which is one of the prime indicators of the economic growth of a state, has increased to 281.96 in 2006-07 from 253.44 in 2005-06, registering an significant increase of 11.25 per cent.

While stating this here today, a spokesman of the Industries Department said that the substantial increase in GIIP had been possible due to impressive performance by manufacturing and electricity sectors in the state. He said that the index of manufacturing sector which carried the highest weight in GIIP rose from 251.16 in 2005-06 to 279.49 in 2006-07, showing a growth of 11.28 per cent whereas the index of electricity sector had indicated a growth of 10.16 per cent, as it had risen from 388.55 in 2005-06 to 428.02 in 2006-07.

He pointed out that the index of basic goods like fertilisers, cement, stainless steel, bars and rods, steel wires and electricity increased from 181.98 in 2005-06 to 200.64 in 2006-07, recording an increase of 10.25 per cent. Similarly, the index of Capital Goods Industries like tractors, air conditioning plants, transformers, electric motors, printing machines and motor vehicles parts and accessories had increased from 178.14 in 2005-06 to 220.55 in 2006-07, an increase of 23.81 per cent, he added.


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