Industrial output growth slows to 3.7% in January
Industrial growth during the Apr-Jan period this fiscal stood at 8.3%.
New Delhi: Industrial growth slowed to 3.7 percent in January, 2011, compared to 16.8 percent expansion in the year-ago period, dragged down by the poor performance of the manufacturing sector, particularly capital goods.
However, growth in factory output in January, as measured in terms of the Index of Industrial Production (IIP), was better than the 2.53 percent expansion (revised upward from 1.6 percent) witnessed in the previous month.
Industrial output growth during the April-January period this fiscal stood at 8.3 percent vis-a-vis the corresponding period of the previous year. In contrast, industrial output expanded by 9.5 percent year-on-year in April-January, 2009-10, official data released here today shows.
In January, manufacturing growth plummeted to 3.3 percent from 17.9 percent a year ago.
The capital goods sector contracted by 18.6 percent in the month under review.