Press Esc to close
Thursday 29 June 2017
News updated at 8:42 AM IST

Growth to show improvement in current fiscal: Montek

New Delhi, Apr 1, 2013 (PTI) 16:45 IST
Even as he described the industrial growth figure for February as "very low", Plan panel Deputy Chairman Montek Singh Ahluwalia took heart that it was not in the negative, and expressed confidence that India's economic growth would be higher in the current fiscal.

"I think it (IIP growth in February) is consistent to what we have been saying that 2012-13 was not a good year and (the economic growth in) 2013-14 would be a lot better...I am glad that it (IIP) is not negative but it is very low," Ahluwalia told reporters here.

According to official data released today, industrial growth has slipped to 0.6 per cent in February this year due to contraction in power generation and mining output and poor performance of manufacturing sector.

Factory output, as measured by the Index of Industrial Production (IIP), had grown by 4.3 per cent in February last year. IIP had growth at 2.4 per cent in January this year.
"Obviously the industrial growth is very low. It is due to mining sector. There are problems in mining sector which I hope will get sorted out", Ahluwalia said.

The mining output in February this year too contracted by 8.1 per cent, compared to a growth in production by 2.3 per cent in the same month of 2012.

For the April-February period, the production in the sector showed a decline of 2.5 per cent, against contraction of 2.1 per cent in the year-ago period.

Go to Top

Photo Gallery
Bollywood actors Jackie Shroff, Sharbani Mukherjee and choreographer Sandip Soparrkar with yoga...

Bollywood actors Jackie Shroff, Sharbani Mukherjee and choreographer Sandip Soparrkar with yoga...

A participant shows a placard during a silent protest 'Not in My Name' against the targeted...

A participant shows a placard during a silent protest 'Not in My Name' against the targeted...

A group of Buddhist monks stand in a line during a religious ceremony at a temple in Colombo...

A group of Buddhist monks stand in a line during a religious ceremony at a temple in Colombo...

An employee works at the open joint stock company 'Borisovskiy Zavod Medicinskikh Preparatov'...

An employee works at the open joint stock company 'Borisovskiy Zavod Medicinskikh Preparatov'...

Russian President Vladimir Putin, center, toasts at a meeting with graduates of military...

Russian President Vladimir Putin, center, toasts at a meeting with graduates of military...

A duck and her little ones swim in Danube river on a hot summer day in Vienna...

A duck and her little ones swim in Danube river on a hot summer day in Vienna...

A group of journalist protest outside the National Palace for the slain journalist Salvador Adame...

A group of journalist protest outside the National Palace for the slain journalist Salvador Adame...

Noted historian and writer Ramchandra Guha along with other citizens holding placards during...

Noted historian and writer Ramchandra Guha along with other citizens holding placards during...

A barber attends a customer at the closed Burrabazar during a bandh against GST...

A barber attends a customer at the closed Burrabazar during a bandh against GST...

Bollywood actress Sridevi, in a traditional Bengali attire, speaks as former Indian cricket...

Bollywood actress Sridevi, in a traditional Bengali attire, speaks as former Indian cricket...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.