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INDEX OF INDUSTRIAL PRODUCTION
The overall growth rate of industrial production during April-November 2004 was 8.4
percent as compared to 6.4 percent during April-November, 2003. The growth in
mining, manufacturing and electricity during April-November, 2004 was 4.9 percent,
8.9 percent and 6.8 percent as compared to 4.1 percent, 7.1 percent and 3.2 percent
respectively, during April-November, 2003.
As per the use-based classification, production in basic goods, capital goods,
intermediate goods and consumer goods registered higher growth.
SECTORWISE INDEX OF INDUSTRIAL PRODUCTION
(Base: 1993-94=100)
(Percentage change )
2002-03 2003-04 Nov. '03 Nov. '04 April-Nov.

2003-04 2004-05
General 5.8 7.0 8.2 7.9 6.4 8.4
Mining 5.8 5.3 5.2 2.8 4.1 4.9
Manufacturing 6.0 7.4 8.9 8.8 7.1 8.9
Electricity 3.2 5.0 4.8 4.0 3.2 6.8
Use-Based Classification
Basic goods 4.8 5.5 5.7 6.7 4.5 5.7
Capital goods 10.5 13.6 12.7 10.3 9.7 13.5
Intermediate goods 3.9 6.4 11.3 4.7 6.0 7.2
Consumer goods 7.1 7.2 6.7 11.4 8.2 10.5
Of which
Consumer durables -6.3 11.6 16.0 11.4 8.7 15.8
Consumer non-durables 12.0 5.8 3.7 11.4 7.9 8.8
INFRASTRUCTURE
The six core infrastructure industries registered a lower growth of 5.4 per cent during
April-December, 2004 as compared to 5.8 per cent in the corresponding period of last
year.
Sectorwise Industrial Production
Growth in Per cent
4.1
7.1
3.2
6.4
4.9
8.9
6.8
8.4
0
5
10
15
20
Mining Manufacturing Electricity General
Per cent
April-November, 2003
April-November, 2004
5
PRODUCTION IN INFRASTRUCTURE INDUSTRIES
December FullYr. April-Dec. % Change
April-Dec.
Industry/Infrastructure Unit 2003 2004 2003-04 2003-04 2004-05 2003-04 2004-05
Coal Mn tons 30.4 36.0 354.7 249.8 266.8 3.9 6.8
Electricity Generation Mn kw 48391 50532 558134 411365 437943 3.4 6.5
Hydel Mn kw 5736 5751 73796 57576 67694 10.6 17.5
Thermal (including
nuclear)
Mn kw
42655 44781 484338 353789 370263 2.4 4.7
Crude petroleum 000 tons 2893 2883 33384 24853 25565 -0.5 2.9
Petroleum Products 000 tons 9018 9850 113241 82801 88309 7.2 6.7
Finished steel 000 tons 3385 3366 36925.1 28330 29402 12.2 3.8
Cement 000 tons 10560 11433 123440 90100 96295 5.6 6.9
Average growth rate* (%) 7.8 3.6 5.4 - - 5.8 5.4
Nov. Full Yr. April-Nov. April-Nov.
Cargo handled at major
ports
Mn tons 28.7 33.0 344.52 218.3 242.9 7.5 11.3
Telecommunications
a) Net switching capacity
000
lines 176.3 686.8 1817.66 3278.6 4119.9 49.9 25.7
b) Net Tele. Connections 000 nos 668.3 769.9 7804.86 6073.8 4209.8 270.6 -30.7
Revenue earning
goods traffic on railways Mn tons 47.0 49.0 557.39 358.3 384.7 7.1 7.4
* Weights as in IIP (Base: 1993-94) : Coal (3.2), Electricity generation (10.2), Crude oil (4.2),
Refinery throughput (2.0), Finished Steel (5.1) and Cement (2.0).

MONTHLY ECONOMIC REPORT
JANUARY, 2005
HIGHLIGHTS
· The winter season rainfall from January l, 2005 to January 19, 2005 was
normal/excess in 19 per cent meteorological sub-divisions.
· Foodgrain stocks were 21.80 million tonnes as on December 1, 2004
· Overall industrial growth was 8.4 per cent in April-November, 2004 as compared
with 6.4 per cent in April-November, 2003.
· Core infrastructure sectors achie ved an average growth rate of 5.4 per cent in
April-December, 2004 as compared with 5.8 per cent in April-December, 2003.
· Broad Money (M3) growth (year-on-year) was 13.4 per cent (net of conversion,
13.2 per cent) as on January 7, 2005 as compared with 14.1 per cent last year.
· Exports grew by 23.4 per cent in dollar terms in April-December, 2004 as
compared with 12.7 per cent in the corresponding period last year. Imports grew
by 33.6 per cent during April-December, 2004 as compared with 25.0 per cent last
year.
· Forex reserves (excluding Gold and SDRs) stood at $125.16 billion as on
December 31, 2004.
· Rupee appreciated against US Dollar and Japanese Yen and depreciated against
Pound Sterling and Euro in December, 2004.
· The annual inflation rate in terms of WPI (Base 1993-94=100) was 5.42 per cent
for the week ended January 15, 2005 as compared with 6.55 per cent a year ago.
· Tax revenue (net to Centre) in April-November 2004 (provisional) was higher by
18.5 per cent over April-November 2003.
· Fiscal deficit in April-November 2004 is 51.5 per cent of BE compared with 61.0
per cent of BE in the corresponding period last year.
· Revenue deficit is higher at 97.1 per cent of BE compared with 68.3 per cent in
the corresponding previous period.
(G.R.Reddy)