ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Will It Last

Will It Last? THE CSO's index of industrial production (base: 1980-81=100) has risen impressively since the beginning of the current fiscal year. In the April-June quarter, the index rose by 7.3 per cent over the corresponding quarter of 1993-94 and in the July- September quarter by 8.8 per cent, thus yielding an industrial growth rate of 8.1 per cent in the first half of 1994-95 against 3.4 per cent in the first half of 1993-94 and 4.2 per cent in the second half. The index for the manufacturing sector rose by 8.8 per cent in April-September 1994 against 2.4 per cent in the comparable period of 1993-94. The use-based classification of industries shows an interesting pattern of growth. While the basic goods and intermediate goods groups have experienced a deceleration from 7.1 per cent and 10.8 per cent in the first half of 1993-94 to 4.3 per cent and 4.6 percent, respectively, in the first half of 1994-95, the growth of the capital goods sector has picked up from -10 per cent to 23 per cent. There has been some improvement in the growth of the consumer goods group from 2.6 per cent to 6.4 per cent. Within the consumer goods group, while the growth of the consumer durables sub-group has continued to be high at 10.4 per cent it has decelerated somewhat from the 12.9 per cent achieved in the first half of 1993-94. Interestingly, the consumer non- durables group seems to be comingout of its long spell of low growth and has grown by 5.5 per cent compared to 0.4 percent in the same period last year.

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