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Journalism of Courage
On account of sustained growth in manufacturing and electricity sectors, India’s industrial production in November, 2002 registered a growth of 3.7 per cent as against 2.4 per cent in same month last year.
Accounting for over three-fourth of the weightage in the index of industrial production (IIP), the manufacturing sector registered a growth of 3.8 per cent in November, 2002 over 2.3 per cent in the corresponding month last year.
According to quick estimates of IIP released by Central Statistical Organisation (CSO), the cumulative industrial growth during April-November stood at 5.3 per cent compared to 2.5 per cent in the same period in 2001. Cumulative growth in manufacturing sector was pegged at 5.4 per cent during April-November 2002 as against 2.6 per cent of the same period last year.
Signalling recovery in industry, the capital goods sector registered phenomenal growth of 9.6 per cent in November as against 1.9 per cent during the year ago period.
