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The quick estimates of Index of Industrial Production and Use-based Index for August 2004 just released by the Ministry of Statistics and Programme Implementation, indicates 5.2 per cent growth in Basic goods, 15.4 per cent in Capital goods and 5.5 per cent in Intermediate goods, for the month of August in comparison with August 2003. The Consumer durables and consumer non-durables have also recorded considerable growth of 13.9 and 9.6 per cent, with the over all growth in consumer goods being 10.7 per cent.
As many as 15 of the 17 two-digit (National Industrial Classification) industry groups have shown positive growth during August. Machinery and Equipment other than transport equipment registered the highest growth of 26.3 per cent followed by 18.2 per cent in other Manufacturing industries. Basic chemicals and chemical products other than petroleum and coal recorded a rise of 13.3 per cent. However, Wood and wood products, Furnitures and Fixtures continued to show a negative growth i.e. 10.6 per cent in this August, following a decline in wool, silk and man made fibre textiles.
The major sectors, i.e. Mining showed a growth rate of 4.7 per cent, Manufacturing 8.2 per cent and Electricity 7.1 per cent compared to previous August. The General Index stood at 196.4 in August 2004 with an increase of 7.9 per cent.
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