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

To: Mohan Marette who wrote (9548)	11/12/1999 8:06:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Industrial output grows a healthy 6.4% in H1 Ravi Kapoor -------------------------------------------------------------------------------- New Delhi, Nov 12: Buoyancy in basic and intermediate goods and electricity sector pushed up industrial growth in September 1999-2000 to 7.6 per cent, which compares favourably with the 2.8 per cent of September 1998-99. According to the quick estimates of index of industrial production (IIP) released here on Friday by the Central Statistical Organisation, industrial growth during April-September 1999 stood at 6.4 per cent against the 4 per cent during the corresponding period in the last fiscal. The mining, manufacturing and electricity sectors registered 4.5, 6.8 and 16.5 per cent growth rates in September. In September 1998, the corresponding growth rates were -4.9, 3.9 and 0.5 per cent. During April-September 1999, the growth rates were 0.4, 6.8 and 7.7 per cent. In the corresponding period in 1998, the rates in mining, manufacturing and electricity were 0.4, 4.1 and 7.4 per cent. Basic and intermediate goods performed impressively in September with growth rates of 9.9 and 10.5 per cent, respectively. In September 1998, the corresponding rates were -2.3 and 6.4 per cent. Performance in capital goods suffered, with the rate plummeting from 17.3 to 1.9 per cent in this September. The overall performance in the consumer goods sector improved from 0.4 per cent in September, 1998, to 4 per cent, with consumer durables rising from 6.3 per cent to 7.6 per cent and non-durables from -1.3 per cent to 2.8 per cent. During April-September 1999, basic goods registered a growth of 5.1 per cent (against 2.5 per cent in the same period last fiscal); capital goods, 9.2 per cent (11.1 per cent); intermediate goods, 9.1 per cent (5.6 per cent); consumer goods, 4 per cent (1.8 per cent); durables, 12.8 per cent (1.9 per cent); and non-durables, 1.6 per cent (1.8 per cent). Machinery and equipment other than transport equipment maintained a high level of growth in September, showing a rise by 19.7 per cent, which makes the overall growth in the April-September period 21.1 per cent. Non-metallic mineral products registered 16.5 per cent, with April-September growth 24.3 per cent. Cotton, wool, silk and man-made fibre textiles did very well in September with the growth rate exceeding 10 per cent. Basic chemicals and chemical products (except products of petroleum and coal) also registered a rate of 14.4 per cent. On the negative side, metal products and parts (except machinery and equipment) showed -19.7 per cent, with April-September figure of -6.7 per cent. Wood and wood products, furniture and fixtures, textile products, transport equipment and parts and items under category 'other manufacturing industries' also showed negative rates.(FE)