New Delhi: Buoyant manufacturing sector has pushed up industrial growth to 13.6% in the first month of the current financial year against 9.9% in April 2006.
The industrial growth, as measured by the Index of Industrial Production (IIP), showed good performance despite the core sector that contributes to 26% of the index showing a low growth of 7.4% in April.
While the manufacturing sector recorded a whopping 15.1% growth in April as against 11% in the same month last year, the electricity generation went up by 8.7% against 5.9%.
The mining sector, however, continued to perform poorly recording a low growth of 3.4%, the same as in the corresponding period last year. As per the use-based classification, consumer non-durables sector recorded very high growth rate of 21.9% against 9.4% in April 2006.
However, consumer durable sector witnessed a deceleration of growth, which dipped to 5.3% as against 7.4% in the corresponding month last year.
The other segments of the industry that include basic goods and capital goods also witnessed deceleration in growth. The IIP growth rate for the basic goods dipped to 8.9% and for capital goods to 17.7% from 9.3% and 19.6% respectively.
The intermediate goods showed a good performance with a growth rate moving up to 12.6% from 8.5% in April 2006.