Cse Turnover Registers A Record High Of Rs 1487 Cr

The growth rate for the manufacturing output in 1998-99, at 4.4 per cent, is the lowest since the mid-1990s, the RBI notes. However, despite the deceleration in the growth rate, the contribution of the sector to the overall index of industrial production (IIP) has risen from 82.2 per cent in 1997-98 to 89.1 per cent in 1998-99.

Looking at the trends in the first quarter of the current fiscal, the apex bank finds "recovery in all the sectors, except the basic goods sector."

Growth in the capital goods, intermediate goods, and consumer goods sectors accelerated to 10.3 per cent, 9.1 per cent, and 3.7 per cent, respectively, in April-June 1999 as against 9.4 per cent, 5.