Half the industrial segments show negative growth
Updated: Jul 12, 2013 06:06:01pm
11 out of 22 industrial groups have shown negative growth in May 2013 as compared to the same month last year, according to official data released today.
The worst performing sectors include fruit pulp, sugar, cigarettes, copper products, boilers, plastic and moulding machinery, computers, consumer durables and non-durables.
Small and medium enterprises engaged in these sectors directly or indirectly are seeing the impact and battling the situation.
Some of the important items showing high positive growth are: Leather Garments (27.0 per cent), Fuel, Aviation Turbine (32.5 per cent), Vitamins (75.7 per cent), Antibiotics and its preparations (33.2 per cent), PVC Pipes and Tubes (31.0 per cent), Tractors (31.3 per cent), Cable, Rubber Insulated (56.6 per cent) and Gems and Jewellery (31.3 per cent).
“As per use-based classification, the growth rates in May 2013 over May 2012 are (-) 0.4 per cent in Basic goods, (-) 2.7 per cent in Capital goods and 1.5 per cent in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 10.4 per cent and 1.7 per cent respectively, with the overall growth in consumer goods being (-) 4.0 per cent, it said.
IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy and Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum and Natural Gas; Office of Textile Commissioner; Department of Chemicals and Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils and Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. (KNN)