IIP marginally up but several sectors show drop in production
Updated: Jun 12, 2013 01:12:04pm
New Delhi, Jun 12 (KNN) Cigarettes, terry towel, plastic machinery, computers, telephone instruments, sugar machinery , boilers and copper and copper products have shown a big drop in production during April 2013 even as the overall Index of Industrial Production (IIP) managed to show a lacklustre growth of two per cent for the month.
While 13 industrial groups managed to show positive growth, nine out of the 22 turned out a pathetic show and several of them continue to reel under slowdown and have witnessed a big drop in production, as per official data released today.
However, apparels, PVC pipes, gems and jewellery, pens, woollen carpets and conductors have come out with positive numbers.
Net-net, the overall growth in April is disappointing with the electricity posting just 0.7 per cent year-on-year growth while mining contracted by three per cent.
Further, manufacturing grew at 2.8 per cent from a year earlier.
The industry group wearing apparel has shown positive growth of 86.6 per cent, followed by 25.4 per cent in electrical machinery and apparatus and 19.9 per cent in furniture manufacturing.
On the other hand, the industry group office accounting and computing machinery has shown a negative growth of 38.9 per cent, followed by 28.1 per cent in radio, television and communication equipment and 12.0 per cent in medical, precision and optical instruments, watches and clocks.
Moreover, some of the other important items showing high negative growth are cigarettes by 37.8 per cent, terry towel by 21.8 per cent, grinding wheels by 29.6 per cent, boilers by 47.3 per cent, sugar machinery by 79.2 per cent, plastic and moulding machinery by 39.4 per cent, telephone instruments including mobile phones and its accessories by 30.9 per cent etc.
Business chambers have expressed dismay over the industrial numbers, seeking immediate government intervention by way of policy props. The stock market has shown the thumbs down on worries of rupee depreciation which will make the state of economy more worrisome. (KNN)
While 13 industrial groups managed to show positive growth, nine out of the 22 turned out a pathetic show and several of them continue to reel under slowdown and have witnessed a big drop in production, as per official data released today.
However, apparels, PVC pipes, gems and jewellery, pens, woollen carpets and conductors have come out with positive numbers.
Net-net, the overall growth in April is disappointing with the electricity posting just 0.7 per cent year-on-year growth while mining contracted by three per cent.
Further, manufacturing grew at 2.8 per cent from a year earlier.
The industry group wearing apparel has shown positive growth of 86.6 per cent, followed by 25.4 per cent in electrical machinery and apparatus and 19.9 per cent in furniture manufacturing.
On the other hand, the industry group office accounting and computing machinery has shown a negative growth of 38.9 per cent, followed by 28.1 per cent in radio, television and communication equipment and 12.0 per cent in medical, precision and optical instruments, watches and clocks.
Moreover, some of the other important items showing high negative growth are cigarettes by 37.8 per cent, terry towel by 21.8 per cent, grinding wheels by 29.6 per cent, boilers by 47.3 per cent, sugar machinery by 79.2 per cent, plastic and moulding machinery by 39.4 per cent, telephone instruments including mobile phones and its accessories by 30.9 per cent etc.
Business chambers have expressed dismay over the industrial numbers, seeking immediate government intervention by way of policy props. The stock market has shown the thumbs down on worries of rupee depreciation which will make the state of economy more worrisome. (KNN)
Loading...
