New Delhi: Growth in India’s industrial production plunged to 5.3% in November this fiscal from 15.8% last year following a huge decline in the manufacturing sector.
The manufacturing growth dipped to 5.4% in November from 17.2% in 2006.
Electricity segment also showed a dismal performance growing by only 5.8%, against 8.7%. Mining was down from 8.8% to 3.5%.
For the April-November period of fiscal 2007-08, the Index of Industrial Production settled at a single digit figure of 9.2% against 10.9% in the same period last year.
All the segment indices were in the single digit for the April-November period.