- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
India Open Competition in Shotgun, organised by the National Rifle Association of India (N
- Hockey India names Amir Ali-led 20-man team for Junior Asia Cup
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
Economic Survey projects decline in industrial sector output Last Updated : 31 Jan 2017 03:53:08 PM IST (File photo)
The Economic Survey 2016-17 tabled in Parliament on Tuesday by Union Finance Minister Arun Jaitley projected a decline in industrial sector output during 2016-17.
According to the survey, the first advance estimates from the CSO (Central Statistics Office) showed that the growth rate of industrial sector is projected at a slower 5.2 per cent in 2016-17 than the 7.4 per cent reported in 2015-16.
"During April-November 2016-17, a modest growth of 0.4 per cent has been observed in the Index of Industrial Production (IIP), which is a volume index with base year of 2004-05," the survey said.
"This was the composite effect of a strong growth in electricity generation and moderation in mining and manufacturing."
The survey pointed out that in terms of use-based classification, basic goods, intermediate goods and consumer durable goods attained moderate growth.
Conversely, the production of capital goods declined steeply and consumer nondurable goods sectors suffered a modest contraction during April-November 2016-17.
"The eight core infrastructure supportive industries, viz. coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, registered a cumulative growth of 4.9 per cent during April-November 2016-17, as compared to 2.5 per cent during April-November 2015-16," the survey showed.
The survey elaborated that production of refinery products, fertilisers, steel, electricity and cement increased substantially, whereas the production of crude oil and natural gas fell during April-November 2016-17.
"Coal production attained lower growth during the same period," the survey added.IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186