As per the data released by the ministry of statistics and programme implementation on 12 March 2012, Indian industrial sector registered a growth of 6.8 per cent in January 2012 on a year-on-year basis.
The Index of Industrial Production (IIP) recorded a growth rate of 4 per cent growth for the period April-January 2012.
Mining sector witnessed a contracted growth of 2.7 per cent in January 2012. Manufacturing sector, which makes up for the 75% of IIP, recorded an impressive growth of 8.5 per cent. Growth in Power sector and basic goods stood at 3.2 % and 1.6% respectively.
Slow growth in the sectors like crude oil, refinery products, steel and cement deterred the overall growth scenario.
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