Industrial Growth of India up 3.8 per cent in November 2014
The growth of Industrial production is 3.8 % in November
The recovery was led by the capital goods sector, which grew
6.5 per cent against 0.1 per cent in the same month last year, according to official
data released on Monday. If the growth sustains in subsequent months, it could
indicate a revival in the investment cycle in the economy.
The cumulative industrial production growth for
April-November 2014-15 now stands at 2.2 per cent against 0.1 per cent in the
corresponding period last year.
Consumer durables showed de-growth of minus 14.5 per cent in
Consumer non-durables, however, grew 6 per cent.
goods production continued to shrink, contracting minus 2.2 per cent against
minus 8.9 per cent in November, 2013.
Manufacturing output, too, rebounded in November, growing 3
per cent, against minus 2.6 per cent in November, 2013.
In terms of industries,
16 out of the 22 industry groups in the manufacturing sector showed positive
growth in November, 2014, as compared to the corresponding month of the
Wearing apparel, dressing and dyeing of fur showed highest
positive growth of 19.8 per cent, followed by 17.5 per cent in motor vehicles,
trailers & semi-trailers, and 12.8 per cent in fabricated metal products,
except machinery as well as equipment.
Highest negative growth was in the industry group radio, TV
and communication equipment as well as apparatus that decelerated minus 60 per
cent, followed by minus 26.3 % in office, accounting as well as
computing machinery and minus 17.4 % in tobacco products.
Electricity generation grew 10 % in November, and was
even better in April-November at 10.7 %.