Industrial growth falls to 17-month low of 0.5 pc in November
New Delhi, Jan 11: Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods.
Factory output as measured in terms of the Index of Industrial Production (IIP) had grown by 8.5 per cent in November 2017, as per data released by the Central Statistics Office (CSO) Friday.
The previous low was in June 2017, when IIP growth contracted by 0.3 per cent.
The growth for October 2018 was revised upwards to 8.4 per cent from 8.1 per cent.
During the April-November period, industrial output grew 5 per cent as compared to 3.2 per cent in the same period of the previous fiscal.
The manufacturing sector, which constitutes 77.63 per cent of the index, recorded a contraction of 0.4 per cent in November as against a growth of 10.4 per cent a year ago.
The mining sector posted 2.7 per cent growth during the month as against 1.4 per cent in November 2017.
Power sector output also grew by 5.1 per cent from 3.9 per cent a year ago.
Capital goods output declined by 3.4 per cent, compared to 3.7 per cent growth a year ago. Consumer durables output also dipped by 0.9 per cent as against a growth of 3.1 per cent a year earlier. Consumer non-durable goods also saw a contraction of 0.6 per cent as compared to 23.7 per cent growth a year ago.
In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018.
As per use-based classification, the growth rates in November 2018 over November 2017 are 3.2 per cent in primary goods, (-) 4.5 per cent in intermediate goods and 5 per cent in infrastructure/construction goods.
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Vartha Bharati reporter Ismail Kandakare gets prestigious PaGo award 2024
Vartha Bharati Kodagu District Special Correspondent K.M. Ismail Kandakare has been selected as the recipient of the prestigious PaGo award by the Dakshina Kannada District Working Journalists Association this year. The award-winning report, titled 'Give way or give way to death,' was published in the 'Vartabharati' newspaper on April 6, 2023.
The selection committee, comprising Senior Journalist Keshav Kunder and Journalism Lecturer Guruprasad T.N., chose Kandakare's report for its quality and impact. The award includes a cash prize of Rs. 10,001 along with a souvenir.
Kandakare, who holds a certificate course in Diploma in Journalism from Karnataka Open University, has previously been recognized for his journalistic contributions. He has received the Best Sports Reporting Award from both the Kodagu District Working Journalist Association and the Kushalanagar Taluk Working Journalist Association. Additionally, Kandakare's debut work, 'Mariam,' was published in 2021.
Apart from his journalistic endeavors, Kandakare is also involved in football, serving as both a player and coach. He currently works as a referee for the Karnataka State Football Association.
The award ceremony is scheduled to take place on May 9 at 11 AM at the Mangalore Press Club. Mangalore University Vice-Chancellor Prof. P L Dharma will present the award, while senior journalist Chidambara Baikampadi will deliver a speech as the guest speaker. The event will be presided over by Srinivas Naik Indaje, the president of DK District Working Journalists' Association, with Jitendra Kundeshwar, the general secretary of the association, coordinating the proceedings.
