Macroeconomic Indicators (21 May 2011)

The growth of the index of industrial production (IIP) had bounced back to 10.5% in 2009-10 after a record low of 3.2% in 2008-09 following a consistent run of more than 7% growth since 2003-04. But industrial growth performance has again showed moderation to 7.3% in 2010-11. The deceleration was felt across all the major segments in 2010-11. Mining and quarrying recorded a growth of 5.9% against 9.9% in 2009-10; manufacturing grew by 8.1% against 11.0%; and the growth in electricity fell to 5.6% against 6%.