IIP up 8.4% in April-Dec

Led by strong performance from the manufacturing sector, the index of industrial production (IIP) increased 8.4% between April-December 2004 as against 6.6% in April-December 2003.

The growth rate was 7.9% in December 2004 as against 7.4% in December 2003, according to data released by the government today.

The manufacturing sector grew by 9% in the first nine months of the current fiscal as against a growth of 7.2% during the same period of the previous fiscal. The sector grew by 8.8% in December 2004 as against 7.8% in December 2003.

The electricity sector output increased by 6.4% between April-December 2004 as against a mere 3.5% growth clocked during the corresponding period of the previous fiscal.