India's Largest Database on New Projects
Capital goods production up
in first quarter
August 11, 2006: Domestic capital goods production grew by a record 22.9 per cent in the first quarter of 2006-07, according to provisional numbers released by the Central Statistical Organization, on 11 August 2006. This growth is over and above the 13.8 per cent growth seen in the first quarter of 2005-06.
Meanwhile, overall industrial production grew 10.1 per cent in Q1 of 2006-07, receding somewhat from the 10.4 per cent rise recorded in Q1 of 2005-06. Growth was led by the manufacturing sector that expanded 11.2 per cent. The mining and electricity segments grew at subdued rates in 2006-07. Mining production grew by a slower 3.5 per cent in Q1 of 2006-07, compared with 4.3 per cent in the same period of 2005-06. Power generation was also grew at a slower pace -- 5.1 per cent in Q1 of 2006-07 compared with 7.7 per cent in 2005-06.
The manufacturing sector accounts for 79.36 per cent of the overall industrial production. The shares of the mining and electricity segments stand at 10.47 per cent and 10.17 per cent, respectively.
Source: Projectstoday