Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 8 2013 2013 (8) This

Growth of Manufacturing Sector

26-8-2013
  • Contents

The details of the growth rate of the manufacturing sector and industry subgroups viz, textiles, wearing apparel, rubber, plastic products, electrical machinery apparatus and furniture,during the last three years,along with their weights (relative contribution), as per the Index of Industrial Production (IIP), are given in the Table below.

Table: Growth Rate and Weights of Industry Groups at NIC2-digit. 

NIC 2-digit industry /Sectors

Industry descriptions

Weights

(per thousand)

Annual Growth Rates of IIP (%)

2010-11

2011-12

2012-13

17

Textiles

61.64

6.7

-1.3

5.9

18

Wearing apparel; dressing and dyeing of fur

27.82

3.7

-8.5

10.4

25

Rubber and plastics products

20.25

10.6

-0.3

0.2

29

Machinery and equipment n.e.c.

37.63

29.4

-5.8

-4.7

31

Electrical machinery&apparatusn.e.c.

19.8

2.8

-22.2

0.6

36

Furniture; manufacturing n.e.c.

29.97

-7.5

-1.8

-5.1

Manufacturing

755.27

9.0

3.0

1.3

General (IIP)

1000

8.2

2.9

1.1

Source: Central Statistics Office.

Industrial / manufacturing production is adversely affected by a number of demand and supply factors including devaluation of rupee, inflation, rising input cost, decline in external demand, and global economic slowdown etc.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in a written reply in Lok Sabha today.

Quick Updates:Latest Updates