Industrial production grew by 2 percent in September 2013
The Industrial Production of India has grown by 2 percent in September 2013 mainly on account of better performance by power and mining sector.
The Industrial Production output grew by 2 percent in September 2013 mainly on account of better performance by power and mining sectors. The growth in the output of the industrial production is showing the signs of recovery. The factory output was measured in terms of Index of Industrial Production (IIP) had contracted by 0.7 per cent in September 2012.
Meanwhile, the IIP for August 2013 has revised to 0.43 percent from the provisional estimate of 0.6 percent.
The industrial output for April-September 2013 was 0.4 percent, when compared to 0.1 percent in the same period in 2012-13 as per the data released by the Government. Whereas, the power generation displayed the growth of 12.9 percent in September 2013 and the expansion in power generation was 5.9 percent in April to September 2013, when compared to 4.6 percent in the same time in 2012-13.
The mining sector grew by 3.3 percent in September 2013, whereas in September 2012 it was 2.2 percent. The output during April to September shrank by 2.5 percent in 2013 against the contraction of 1.1 percent in 2012. The mining sector is about 14 percent in the IIP.
The manufacturing sector grew by 0.6 percent in September 2013, which was against the decline of 1.6 percent in September 2012. During the time period of April to September 2013 the output of the sector grew by 0.1 percent against the decline of 0.3 percent in the same time period of 2012. The manufacturing sector constitutes over 75 percent of the index.