THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI ASHWANI KUMAR)
(a) to (e) : The Times of India report dated November 14, 2007 refers to performance of
infrastructure industries, and the CII survey reports performance of the manufacturing
sector. The industrial growth rate for the last three years measured in terms of Index
of Industrial Production (IIP), comprising of infrastructure industries and manufacturing
sector is given below:
Sector 2004-05 2005-06 2006-07 2007-08 (April – September)
Overall Industry 8.4 8.2 11.6 9.2
Mining 4.4 1.0 5.4 5.3
Manufacturing 9.2 9.1 12.5 9.7
Electricity 5.2 5.2 7.2 7.7
Infrastructure Industries 5.8 6.1 8.8 6.6
According to the CII-ASCON survey, out of 91 manufacturing sectors, 74 sectors recorded
moderate to excellent growth and 17 sectors recorded negative growth.
Performance of individual industries in a market driven economy depends on a number
of factors, such as demand and supply conditions, relative prices of inputs, competition,
exchange rate movements and the macroeconomic factors. Besides, demand conditions in major
importing countries and trade environment also impact performance of industries in which
exports constitute a significant proportion of production.
(f): Government has put in place various policies to promote broad based industrial growth.
This includes, inter-alia, delicensing of industrial capacity, liberalization of foreign
trade regime to provide better access to inputs at competitive prices, rationalization
and reduction in duty rates of customs and central excise, better infrastructure support,
and liberal FDI regime, etc.
