New Delhi, April 12 (IANS) India's industrial output rose at a meagre 0.6 percent in February as against an expansion of 4.3 percent in the corresponding month of 2011-12, government data showed Friday.Barring consumer goods, all other sectors of the industrial output basket declined. The performances of mining, electricity and consumer non-durables were disappointing, indicating the continuing slowdown in
Asia's third largest economy.
The industrial output, as measured by the Index of Industrial Production (IIP), had increased 2.4 percent in January as against a contraction of 0.6 percent, which that time had given indication of a revival.
The mining output in February declined by a massive 8.1 percent from an increase of 2.3 percent in the corresponding month of last year. It had slumped by 2.9 percent in January, 2013.
The electricity sector too did not fare well, falling 3.2 percent from a healthy increase of eight percent in February, 2012. The sector's output had increased by 6.4 percent last month.
However, the manufacturing production registered a growth of 2.2 percent during the month under review. The growth was slower than that achieved in the corresponding month of last year when the output stood at 4.1 percent.
The consumer goods output saw a growth of 0.5 per cent, compared to a 0.4 percent decline in same month last year.
The factory output registered a cumulative growth of 0.9 percent in April-February 2012-13 period year-on-year, the data released by the Central Statistics Office (CSO) showed.
