India's November industrial output (IIP) falls, may prompt RBI rate cut: govt

Capital goods output declined by 7.7 per cent in November, as against a contraction of 4.7 per cent in same month in 2011.

The output of capital goods also contracted in the April-November period by 11.1 per cent, as against a dip in production by 0.1 per cent in the 2011-12 period.

Power generation grew by 2.4 per cent in November, as against 14.6 per cent in same month in 2011. The electricity generation in the April-November period this fiscal is 4.4 per cent, as against 9.5 per cent in a year-ago period.

Consumer goods output growth was 1 per cent in November as against 12.8 per cent. In the April-November period of this fiscal, the growth in consumer goods was 3.8 per cent as compared to 5 per cent in the same period of 2011-12.

The growth in output of consumer durables is 1.9 per cent in November, as compared to double digit growth of 10.4 per cent in the same month in 2011. The growth in the output of these goods remained flat at 5.2 per cent in April-November this fiscal.

The consumer non-durables output growth was 0.3 per cent in November, as against a 15 per cent in the year-ago period.

This segment grew by 2.5 per cent in the eight month period of this fiscal, as against 4.9 per cent in the same period of 2011-12.

The basic goods production growth was 1.7 per cent in

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