Industrial production declined 2.3 per cent in March as compared to a rise of 5.5 per cent during the corresponding month in 2008, mainly on account of poor performance by the manufacturing sector.
The decline has been mainly on account of a fall in manufacturing, the output of which contracted by 3.3 per cent during March. The sector, which accounts for almost 80 per cent of the index, registered an increase of 5.7 per cent during the same month in 2008.
The mining sector too recorded dismal growth of 0.4 per cent during March as compared to an increase of 4.9 per cent.
Power generation, however, rose by 6.3 per cent during the month compared to 3.7 per cent during the corresponding period in 2008. As regards 2008-09, manufacturing sector growth decelerated to 2.3 per cent from 9 per cent in the previous fiscal.
The mining sector too recorded dismal growth of 0.4 per cent during March as compared to an increase of 4.9 per cent.
Power generation, however, rose by 6.3 per cent during the month compared to 3.7 per cent during the corresponding period in 2008. As regards 2008-09, manufacturing sector growth decelerated to 2.3 per cent from 9 per cent in the previous fiscal.
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