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Article: New Delhi, Oct 10 (PTI) A sharp slowdown in mining sector lowered industrial growth to 7.4 per cent during August 2005 as against 8.6 per cent in the same month last fiscal.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- October 10, 2005
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Growth in mining sector declined to a negative 1.3 per cent during the month compared to 4.4 per cent in August last fiscal. Manufacturing growth slowed down as well to 8.2 per cent from 9.1 per cent a year ago, according to the latest data released by the government today.
The overall Index of Industrial Production would have been even lower had it not been for a slight upturn in the electricity sector which grew 7.8 per cent during the month compared to 7.4 per cent in August last fiscal.
This is the second successive month of slower industrial growth on yearly comparative basis. Industrial sector had grown 6.7 per cent in July 2005 after posting ...