The industrial growth of India has come down to 15.1 percent for the month of February. Earlier it was 16.7 percent in January and 17.1 percent in the month of December 2009. The reason behind this decline in growth rate is the higher base effect and significant reduction in the output of cement and steel. It is expected the Industrial growth may come down further after the money tightening steps which are expected to be taken by RBI in the next review. Out of 17 industrial groups 14 groups have shown positive growth in the month of December. Some important facts of IIP number is following:
Growth of Capital Goods Sector: 44.4 percent
Growth of Consumer Durables: 29.9 percent
Mining : 12.2 percent
Electricity Generation: 6.7 percent
Manufaturig: 16 percent.
