April IIP at 2%; industrial activity continues to be tepid

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, June 12, 2013, 11:12 [IST]

The Index for Industrial Production (IIP) for April 2013 has come in at a disappointing 2%, as against a broad expectation of 2.3%. The figure shows that disappointing industrial growth continues in the country.

The three sectors that constitute the index are mining, manufacturing and electricity. The monthly growth rates of these three sectors for the month are (-) 3.0%, 2.8% and 0.7% respectively.
In the per "use-based" classification there has been positive growth in basic goods [1.3%], capital goods (1.0%), intermediate goods [2.4%] and consumer non-durables (12.3%) whereas negative growth has been registered in consumer durables [(-) 8.3%].

Today's figures continues to raise fears over the tepid industrial growth in the country.

GoodReturns.in