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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (5124)	7/14/1999 11:13:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Industrial output up 7.2% in May Figures released by the Central Statistical Organisation (CSO), indicate that the index of industrial production stood at 3.7% in May 1999. The figures have been encouraging and indicate a recovery in the economy with industrial growth touching 7.2% in May. Leading the way was the capital goods segment (accounting for 80% of the IIP) which clocked 19.5% growth in May. This implies that domestic industry is relying more on Indian-made goods rather than imports. Last year, the capital goods sector grew by only 5.1%. Despite buoyancy in the capital goods segment, the overall growth of the basic goods sector remained subdued. In fact, growth fell to 1.5% in May 1999 compared to 3.8% in the corresponding period in the previous year. The consumer goods segment continued growing at 6.9% in May 1999 as compared to 2.5% in May 1999. The overall growth rate during the first two months stood at 5.8% this year as against 3.3% last year. Consumer durables grew 17.1% in May as against 4.5% in the corresponding period in the previous year. This segment had grown at 18.4% last month. 14 July, 1999