Ministry of Statistics and Programme Implementation said that Indian Industrial Production rose to a seasonally adjusted 2.5%, from 0.6% in the preceding month.Analysts had expected Indian Industrial Production to rise to 2.0% last month. The cumulative growth for the period April-March 2012-13 over the corresponding period of the previous year stands at 1.0%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2013 stand at 145.3, 205.0 and 164.2 respectively, with the corresponding growth rates of (-) 2.9%, 3.2% and 3.5% as compared to March 2012. The cumulative growth in the three sectors during April-March 2012-13 over the corresponding period of 2011-12 has been (-) 2.5%, 1.2% and 4.0% respectively.
As per Use-based classification, the growth rates in March 2013 over March 2012 are 2.6% in Basic goods, 6.9% in Capital goods and (-) 0.2% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 4.5% and 6.5% respectively, with the overall growth in Consumer goods being 1.6%.
Source by Commodity Insights
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