New Delhi: Showing green shoots of recovery, industrial production inched up 2.4 percent in January mainly due to perk up in manufacturing output and enhanced power generation.
     
The factory output, as measured by the Index of Industrial Production (IIP) had grown by 1 percent in January, 2012.
     
For the April-January period of 2012-13 fiscal, the industrial production growth is at 1 percent, down from 3.4 percent in the same period of 2011-12, according to official data released on Tuesday.
     
Meanwhile, the decline in industrial output for December 2012 has been revised slightly upward to 0.5 percent from a contraction of 0.6 percent as per provisional estimates released last month.
     
The manufacturing sector, which constitutes over 75 percent of the index, grew by 2.7 percent in January, as against 1.1 percent in the same month of 2012. The growth in the output of the key sector remained low at 0.9 percent in April-January this fiscal, as against 3.7 percent growth in the same period in 2011-12.

Sector January-2012 January-2013
Industrial production 1 pc 2.4 pc
Manufacturing 1.1 pc 2.7 pc
Power generation 3.2 pc 6.4 pc
Mining output 2.1 pc 2.9 pc
Capital goods output 2.7 pc 1.8 pc
Consumer goods output 2.5 pc 2.8 pc
Consumer durables 7.5 pc 0.9 pc
Consumer non-durables 10.6 pc 5.3 pc
Intermediate goods production 2.5 pc 2 pc

 Power generation has increased by 6.4 percent in January compared to 3.2 percent growth in January, 2012. During the April-January period, electricity generation has gone up by 4.7 percent, compared to a growth of 8.8 percent in the same period in the last fiscal.

Overall, 11 of the 22 industry groups in manufacturing sector have shown positive growth during January, as compared to the same month last year.

The mining output in January this year contracted by 2.9 percent, compared to a decline in production by 2.1 percent in the same month of 2012. For the April-January period, the production in the sector showed a decline of 1.9 percent, against contraction of 2.5 percent in the year-ago period.
    
Capital goods output was down 1.8 percent in January, as against a contraction of 2.7 percent in same month of 2012. Capital goods output also contracted in the April-January period by 9.3 percent, as against a dip of 2.9 percent in the same period of 2011-12.
    
However, the consumer goods output saw a growth of 2.8 percent in January, compared to a growth in production by 2.5 percent in same month last year. In the April-January period of this fiscal, the growth in the segment was 2.7 percent as compared to 5.4 percent in the same period of 2011-12.
    
The dip in the output of consumer durables stood at 0.9 percent in January, as compared to a contraction of 7.5 percent in the same month of 2012. The growth in the output of these goods was at 3.2 percent in April-January period this fiscal, compared to 3.7 percent in same period in 2011-12.
    
The consumer non-durables output grew by 5.3 percent in January, compared to 10.6 percent in the same month last year. This segment grew by 2.3 percent in the 10-month period of this fiscal, as against 6.6 percent last fiscal.
    
The intermediate goods production also saw a growth of 2 percent in January, compared to a decline in output by 2.5 percent in same month last year.
    
During the April-January period, this segment recorded a growth of 1.7 percent, compared to a contraction of 0.8 percent in the first 10 months of last fiscal.

(JPN/Agencies)

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