The country's industrial production in November registered a growth of 3.7 per cent as against 2.4 per cent in the same month last year mainly on account of sustained growth in manufacturing and electricity sectors.

The manufacturing sector, accounting for more than three-fourth of the weightage in the Index of Industrial Production, registered a growth of 3.8 per cent in November, 2002 over 2.3 per cent in the corresponding month last year.

According to quick estimates of IIP released by the Central Statistical Organisation, the cumulative industrial growth during April-November stood at 5.3 per cent compared to 2.5 per cent in the same period in 2001.

Cumulative growth in manufacturing sector was pegged at 5.4 per cent during April-November 2002 as against 2.6 per cent of the same period last year.

Mining sector registered a lower growth at 2.9 per cent during November 2002 as against 3.7 per cent of last year.

The electricity sector grew by 3.5 per cent during November 2002 as against 2.4 of the same month last fiscal while its cumulative growth stood at four per cent during the eight month period ending November 2002 as against 2.5 per cent of the same period last fiscal.

Signalling a recovery in the industry, the capital goods sector registered a phenomenal growth of 9.6 per cent in November as against 1.9 per cent during the year ago period while intermediate goods surged reporting a growth of five per cent as against a negative 1.5 per cent over the same period last fiscal.

Cumulative growth in capital goods sector during the eight-month period ending November 2002 reported a sharp recovery to touch 9.9 per cent as against a negative figure of 4.9 per cent last year while cumulative growth of intermediate goods was 2.6 per cent as against 2.1 per cent last fiscal.

Consumer durables reported the worst decline turning in a negative growth of 1.9 per cent against 4.4 per cent during the same period last fiscal. Cumulative growth during the eight-month period also fell sharply to settle at a negative six per cent as compared to 12.9 per cent during the same period last year.

Consumer goods sector also saw a sharp fall in growth at 1.8 per cent during November as against 5.5 per cent in November 2001. However cumulative growth in the sector shot up by 1.5 per cent to touch 7.3 per cent during the Apr-Nov period over the same period last fiscal.