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  • 6.8 % January industrial growth indicates strong recovery: Pranab

    Published on March 12, 2012

    New Delhi : Terming the 6.8 per cent industrial growth in January as an indication of strong recovery, Finance Minister Pranab Mukherjee today said, efforts will have to be made for promoting mining, capital goods and consumer durables sectors.

    Commenting on the latest data of industrial production, Mr. Mukherjee said, there is strong recovery in the backdrop of last December’s figure where IIP grew by 2.8 per cent. He said, the sectoral analysis of the data however shows there is not much progress in capital goods, which is a matter of concern. He said, Consumer non-durable had contributed substantially in this growth, but not so much in consumer durables.

    The Finance Minister said, in course of time, efforts will have to be made to build up these areas. He added that the mining sector, too has not done well and has reported contraction of 2.7 per cent in January. He also said, there is strong revival in growth rate of manufacturing sector at 8.5 per cent in January 2012.

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