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Our Bureau

New Delhi , Nov. 11

A DOWNTURN in mining activity and electricity generation pulled down the Index of Industrial Production (IIP) growth to 7.3 per cent in September 2005, as compared to a 9.8 per cent growth registered during the corresponding month a year ago.

During the first six months of the current fiscal, however, the year-on-year Index clocked a growth of 8.8 per cent, marginally higher than the 8.3 per cent registered during the same period last fiscal, according to the Quick Estimates of the IIP (with 1993-94 as the base year) released here on Friday by the Central Statistical Organisation.

Among the three sectors, only the manufacturing sector recorded positive growth in September this year at 8.9 per cent. The mining and electricity sectors saw negative 1.1 per cent and negative 0.7 per cent growth respectively in September 2005, as compared to the corresponding month last year.

During the first half of this fiscal, the manufacturing sector witnessed higher growth at 9.9 per cent, compared to 8.8 per cent growth during the corresponding period of 2004-05. The electricity sector recorded a growth of 4.8 per cent during the period while the mining sector grew by 1.3 per cent.

As many as 14 of the 17 two-digit industry groups registered positive growth in September 2005, as compared to the same month last year. The growth in basic goods stood at 2.6 per cent in September 2005 over the same month of 2004, while the capital goods sector witnessed a 17.6 per cent growth and intermediate goods recorded a 1.9 per cent growth. The consumer durables and consumer non-durables sector recorded a growth of 12.4 per cent and 13.4 per cent respectively, with the overall growth in consumer goods was at 13.1 per cent in September this year.

For the first half of this fiscal, basic goods grew by 6.3 per cent compared to 5.5 per cent during April-September, 2004. Capital goods recorded a slightly higher growth at 13.9 per cent during the first half of the fiscal, against 13.8 per cent during the period last year, while intermediate goods witnessed lower growth at 3.3 per cent compared to a 7.8 per cent growth rate clocked during the same period last year. Consumer goods grew by 14.9 per cent during the first half of this fiscal year-on-year with consumer durables witnessing 12.8 per cent growth and consumer non-durable registering 15.7 per cent growth.

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