The growth rate is substantially lower than that of the corresponding period last year which stood at 10.5 per cent.

The CSO has re-issued the IIP figures for November for the second time. The organisation had last week issued the IIP for the same period sans the data for the manufacturing sector as the ministry of industry had not supplied data consonant with norms desired by the department of statistics.

Seen at a cumulative level for the period April to November, the overall industrial growth has registered a 3.5 per cent growth as against 6.7 per cent in the same period in the previous fiscal.

The manufacturing sector has grown by 3.7 per cent on a cumulative basis, compared with 6.9 per cent in the previous fiscal. The electricity sector has grown by 6.1 percent, compared with 6.4 per cent while the mining sector has recorded a decline of -1.2 per cent.

At the cumulative level, basic goods have done rather poorly showing a growth of a mere 1.4 per cent, compared to that in the previous fiscal when it registered a growth of 6.8 per cent while intermediate goods have registered a growth of 5.3 per cent, compared to 8.9 per cent in the previous period.

The saving grace has perhaps been the capital goods sector which has registered a growth at 10.2 per cent. This is subtantially higher than the the growth rate of 7.2 per cent achieved in the corresponding period in the previous fiscal till November.

The consumer goods sector has recorded a cumulative growth of 2.1 per cent, compared with 4.4 per cent in the previous the fiscal. In this sector, consumer durables have recorded a growth of 2.1 per cent, compared with 7 per cent while consumer non-durables have shown a growth of 2 per cent as against 3.6 per cent in the previous fiscal.

For November, themanufacturing sector has registered a growth of 3.7 per cent against 11.8 per cent recorded in the previous corresponding period. The electricity sector has shown a growth of 5.2 per cent as against 3 per cent. The mining sector has shown a substantial decline of -3.4 per cent as against 6.9 per cent in previous corresponding period.