11314 Manufacturing slides into recession in April-November - IndiaVision Latest Breaking News and Information about India | IndiaVision Latest Breaking News ahellip

wwwindiavisioncombusinessmanufacturing-slides-recession-april-november472525 13

1212 pm - Saturday January 11 2014 BREAKING Devyanirsquos father Uttam Khobragade says diplomat rejected compromise offer 10012014 | 0 comment

BREAKING Delhi Chief minister Mr Arvind to hear public grievances at Delhi secretariat today 11012014 | 0 comment

BREAKING AU roadmap is the only solution to Central African Republic crisis South Africa 11012014 | 0 comment

BREAKING Goa Canacona building collapse 2 more bodies pulled out death toll climbs to 27 11012014 | 0 comment

BREAKING US military secretly sent small team of advisors to Somalia 11012014 | 0 comment

BREAKING Delhi CM Mr Arvind Kejriw al leaves Janata Darbar midw ay due to chaos 11012014 | 0 comment

Manufacturing slides into recession inApril-November

Written by Alka Anand Singh |

11012014 | 0 |

(No Ratings Yet)

Navigation brvbargt Home raquo Business raquo Manufacturing slides into recession in April-November

Best Laptop DealsCheck out the best deals on Laptops 3

prestodealscom

Watch Movies Online For Free

Best Online Business Ideas

2013Part Time Jobs

Create A Website

Efficiently Organize OfficeFind the best solutions to organize offices 3

officesuppliesprocom

Free Movie Downloads

Latest Movie Release

5 Ways To Lose Belly Fat

Online Education Courses

ads

Official data on industrial output growth released on Friday confirmed that the Indian economy is in a

ldquomanufacturing sector recessionrdquo for the first time in recent years The development comes barely a

week after Prime Minister Manmohan Singh said at a press conference that ldquoIndiarsquos economic growth

momentum will reviverdquo

Manufacturing output during the first eight months of the current fiscal (2013-14) contracted 06 per

cent according to the data released The rate of contraction of manufacturing deepened from 08 per

cent in October to 35 per cent in November The decline was significant in motor vehicles (76 per

cent) machinery and equipment (83 per cent) fabricated metal products (75 per cent) and medical

instruments (7 per cent)

ldquoWith factory production growth in the first-eight months of the fiscal negative and no signs of a pick-

up in rural or festive demand India can now officially said to be in a manufacturing recessionrdquo said

Madan Sabnavis Chief Economist at Care Ratings ldquoFor the year to end with even one per cent

positive growth the growth in the last four months will have to increase by an average of 32 per

centrdquo An economy is said to be in recession if it shows negative growth for two consecutive quarters

or six months

Mining sector output contracted 22 per cent in April-November 2013 according to data released by

Follow IndiaVision

0

Free Kitchen Catalog 2014wwwsleekworldcom

New Designs Great Offers amp More Grab Your Free Catalog Now Hurry

Manufacturing slides into recession in April-November

ShareShareShareShareShareShareShareShareShareShare

Top Stories

Goa Canacona building collapse 2 more bodies pulledPanaji ndash Two more bodies werepulled out on Saturday from thedebris ofNATIONAL

Manufacturing slides intorecession in April-NovemberOfficial data on industrial outputgrowth released on Fridayconfirmed thatBUSINESS

Apple wins appeal in GooglersquosMotorola iPhone patentWashington - Apple Inc didnrsquotinfringe a patent owned by GoogleIncrsquosBUSINESS

Delhi Chief minister Mr Arvind

HDFC Lifetrade Term PlanwwwhdfclifecomTerm-Insurance

Premium Starts at Just Rs 2000yr No

Medicals upto 75L Cover Buy Now

World Economic Forum 2014

Gold Trading Online

Launching Palava City

Home | About India | Health | Videos | Games | Chat | Shopping | Hotels | Flights | Classifieds | YellowPages | Jobs | Send Gifts |

National World Business Sports Entertainment Sci ndash Tech Lifestyle Politics Featured Education Travel

11314 Manufacturing slides into recession in April-November - IndiaVision Latest Breaking News and Information about India | IndiaVision Latest Breaking News ahellip

wwwindiavisioncombusinessmanufacturing-slides-recession-april-november472525 23

Share this On

the Central Statistics Office (CSO) The overall index of industrial production (IIP) shrunk 02 per cent

during April-November 2013 The rate of contraction for overall industrial output in November was 21

per cent

Further even exports lost momentum in December as per trade data also released on Friday Year-

on-year export growth slowed from 59 per cent in November to 35 per cent according to official data

released here by the Commerce Ministry

Ten of the 22 manufacturing groups showed negative growth in November Consumer durables

recorded a negative growth of 215 per cent over November 2012

Radio TV and communication apparatus showed the sharpest negative growth of 422 per cent

followed by office accounting and computing machinery (275 per cent) and furniture manufacturing

(195 per cent)

ldquoThe IIP is flat due to the complete stoppage in sugar production though sugar has a low weight in itrdquo

said Saumitra Chadhuri member of Prime Ministerrsquos Economic Advisory Council

PTI reports

Power generation segment posted a growth of 63 per cent in the month under review compared to

24 per cent growth in the same month of 2012

Expansion in power generation was 54 per cent in April-November as compared to 44 per cent in the

same period in 2012

Capital goods production a barometer of demand showed a growth of 03 per cent in November

2013 compared to a contraction of 85 per cent in the same month a year ago

Click here to submit your review

Related News

Related posts

1 Indiarsquos manufacturing Purchasing Managers Index (PMI) expands in November

2 Inflation rises to 752 per cent in November

3 Retail inflation jumps to 9-month high in November

4 Indiarsquos trade deficit up $921 bn in November

Filed in Business

Leave a Reply

Your email address will not be published Required fields are marked

RSS - Posts

One Trade Once A WeekThis year wersquove seen gains of 72 42

and 60 in less than 6 months

wwwProfitableTradingcom

5 Foods never to eatAvoid these 5 foods You will burn stomach

fat every day

wwwBeyondDietcomLose-Weight

Drivers EducationLooking For Schools Classes amp Universities

Find It With Localcom

LocalcomDriver Education Courses

ads

6 GDP

grow th next

f iscal better

2nd half in

2013-14

CAD to remain

w ithin limit

Chidambaram

GDP grow th

seen betw een

5-55 per cent

in 2013-14

Chidambaram

The Reserve

Bank expects 5

to 55 grow th

in current f iscal

Economy

heading

tow ards better

times no

reason to

RBI Governor

Raghuram

Rajan sticks to

5 GDP

grow th

Chinarsquos grow th

may hit 76

percent

Twitter Facebook Google Reddit Pinterest LinkedIn

Press This StumbleUpon Tumblr Pocket Digg Email

Recession The Economy New Economy New India

Free Kitchen Catalog 2014wwwsleekworldcom

New Colors Amazing Designs amp More Grab Your Free Copy Today

Name

Email

Website

IndiaVision WebEditor

8020 people like IndiaVision WebEditor

Facebook social plugin

Like

11314 Manufacturing slides into recession in April-November - IndiaVision Latest Breaking News and Information about India | IndiaVision Latest Breaking News ahellip

wwwindiavisioncombusinessmanufacturing-slides-recession-april-november472525 33

M7GMexwQR4Dq Copy This Password

Type Or Paste Password Here

4778 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes lta href= title=gt ltabbr title=gt ltacronym

title=gt ltbgt ltblockquote cite=gt ltcitegt ltcodegt ltdel datetime=gt ltemgt ltigt ltq

cite=gt ltstrikegt ltstronggt

Post Comment

Comment

Notify me of follow-up comments by email

Notify me of new posts by email

Contact Us | Pravacy Policy | Disclaimer | Terms of Use

Select Language Pow ered by Translate

copy 2013 IndiaVisioncom Inc New s and Information portal All rights reserved 233 || queries in 1689 seconds