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Current State of the Indian Economy:
Industrial Growth
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The monthly growth achieved in December 2008 by the mining, manufacturing and electricity sector was 1.0 per cent, -2.5 per cent and 1.6 per cent respectively as compared to 5.0 per cent, 8.6 per cent and 3.8 per cent during the corresponding month of last year. The revised annual growth achieved by the mining, manufacturing and electricity sectors during April- December, 2008-09 was 3.0 per cent, 3.3 per cent and 2.7 per cent respectively as compared to 5.2 per cent, 9.6 per cent and 6.6 per cent during the corresponding period of last year.

As per the use-based classification, Basic goods, capital goods showed significantly lower growth during December, 2008 compared to corresponding period in the previous year. Growth in intermediate goods turned negative in December 2008.

Percentage Change in Sectorwise Index Of Industrial Production

(Base: 1993-94=100)
  2006-07 2007-08 Dec '07 Dec '08 April-December
          2007-08 2008-09
General 11.6 8.5 1.6 -2.0 9.0 3.2
Mining 5.4 5.1 5.0 1.0 5.2 3.0
Manufacturing 12.5 9.0 8.6 -2.5 9.6 3.3
Electricity 7.2 6.4 3.8 1.6 6.6 2.7
Use-Based Classification
Basic goods 10.3 7.0 3.4 1.7 7.8 3.4
Capital goods 18.2 18.0 17.6 4.2 20.4 7.7
Intermediate goods 12.0 9.0 7.6 -8.5 9.6 -1.6
Consumer goods 10.1 6.1 8.7 -2.7 5.8 5.2
Of which  
Consumer durables 9.2 -1.0 2.8 -12.8 -1.4 2.5
Consumer non-durables 10.4 8.6 10.3 -0.1 8.4 6.0

Industrial Growth

  Source: Ministry of Finance

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