For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

March IIP rises to 2.5%; capital goods growth supports

March IIP rises to 2.5%; capital goods growth supports
Led by a strong growth in the manufacturing sector, the March 2013 IIP data has come in at 2.5 per cent, against estimates of around 2 per cent.

Capital goods led the recovery with a growth of 6.9 per cent, compares to -20.1 per cent, year on year. Manufacturing growth has come in at 3.6 per cent, as against - 3.6 per cent, year on year.

The IIP for the entire financial year 2013 has come in at a modest 1 per cent.

IIP is one of the important figures watched by the RBI to see if industrial activity is improving. This helps the RBI to decide on interest rate cuts.

"In terms of industries, 10 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of March 2013 as compared to the corresponding month of the previous year," a government release has stated.

Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Cigarettes' (28.4%), ‘Woollen Carpets' (83.1%), ‘Apparels' (175.0%), ‘Leather Garments' (49.9%), ‘Fuel, Aviation Turbine' (33.1%), ‘Propylene' (29.6%), ‘Ethylene' (40.3%), ‘Air Conditioner (Room)' (37.9%), ‘Conductor, Aluminium' (45.0%) and ‘Cable, Rubber Insulated' (247.3%).

Read more about: iip
Story first published: Friday, May 10, 2013, 11:19 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more