IIP growth drops to 6.9% in November

The growth in index of industrial production (IIP) dropped to 6.9% in November 2005 from 7.7% in November 2004 due to the poor performance of manufacturing, mining and electricity generation.

According to data released by the government, manufacturing growth slowed down to 8.1% in November 2005 as against 8.6% in November 2004. Cumulative growth between April-November declined to 8.3% from 8.6% in the corresponding period of the last fiscal.

The mining sector was the worst performer with negative growth of 1.4% in November 2005 as against a growth of 3.6% in November 2004. The electricity sector growth declined to 2.7% in November from 3.4% in November 2004.