The sectors which are pushing up the index include consumer durables, capital goods and intermediate goods. The manufacturing sector during the first quarter recorded a growth rate of 6.5 per cent compared withh 4.2 per cent in the corresponding period last year.

The laggards include mining and electricity generation. While the mining sector recorded a negative growth rate of (-) 0.6 per cent compared with (-) 0.3 per cent in the first quarter last year, electricity generation decelerated to 4.1 per cent during April-June 1999 period compared with 10.2 per cent previously. As per the use-based classification, basic goods and consumer non-durables performed poorly in the first quarter.

IIP in June went up by 5.5 per cent compared with 4.8 per cent inthe corresponding month last year. The manufacturing sector in the month was up 6.5 per cent (4.6 per cent in June 1998), electricity generation 4.1 per cent (9.8 per cent) and mining (-) 1.5 per cent (2.3 per cent).

Ten out of 17 two-digit industry groups have shown positive growth during June compared with the corresponding month of the previous year. Machinery and equipment (other than transport equipment) has shown the highest growth of 21.8 per cent followed by non-metallic mineral products (16.7 per cent) and wool, silk and man-made fibre textiles (16.4 per cent). On the other hand, other manufacturing industries have shown a negative growth rate of (-) 27.7 per cent followed by metal products and parts except machinery and equipment (-) 16.8 per cent and transport equipment and parts (-) 5.1 per cent.

As per the use-based classification, the growth in June 1999 compared with June 1998 worked out to be 9.9 per cent for intermediate goods, 4.5 per cent for capital goods and 3.7 per cent for basicgoods. The consumer durables and consumer non-durables have recorded growth of 11.1 per cent and 1.7 per cent, with consumer goods sector going up by 3.6 per cent.

As far as first quarter was concerned, the consumer durables sector recorded 15.0 per cent growth rate compared with 2.7 per cent in the corresponding quarter last year. The IIP for capital goods was up by 10.3 per cent (9.4 per cent in April-June 1998) and intermediate goods 9.1 per cent (5.4 per cent) and basic goods 2.8 per cent (3.5 per cent). The growth rate in case of consumer non-durables decelerated to 0.9 per cent from 3.1 per cent in the first quarter in the last financial year.