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India's industrial output up 0.1 percent in January

IANS  |  New Delhi 

India's industrial output was higher by 0.1 percent during January, as mining and electricity sectors performed marginally better, government data showed Wednesday.

The cumulative growth of the industrial production for the April-January period year-on-year was at a standstill from a growth of one percent in the corresponding period of last fiscal, according to data released by the Central Statistics Office (CSO) here.

Factory output measured in terms of the Index of Industrial Production (IIP) had dropped by 0.6 percent in December, registering a contraction for the third straight month.

Last month, factory output gained by 0.1 percent, from 2.5 percent in the corresponding period of last year.

Mining sector output in January increased by 0.7 percent from a deceleration of 1.8 percent in the corresponding period of last year.

Electricity sector output rose by 6.5 percent in January from 6.4 month in the the corresponding period of 2013.

However, manufacturing sector declined by 0.7 percent in the month under review from an increase of 2.7 percent in January 2013.

Segment-wise growth was witnessed in steel structures (26.5 percent), cable, rubber insulated (56.6), air conditioners (32.5 percent), scooters and mopeds (23.8 percent), stainless steel (21.3 percent), and antibiotics (21.2 percent).

Segment-wise, high negative growth was reported in boilers(-50.4 percent), earth moving machinery (-45.2 percent), aluminium conductor (-43.2 percent), grinding wheels (-38.9 percent), commercial vehicles (-22.6 percent), carbon steel (-37.5 percent) and telephone instruments including mobile phones and accessories(-30.7 percent).

First Published: Wed, March 12 2014. 18:36 IST
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