New Delhi: Aided by a steady growth of the manufacturing sector, the Industrial production grew by 5.3 per cent during the first quarter of the current financial year.

According to Quick Estimates of Index of Industrial Production, the sector grew by 5.7 per cent during June as against 4.5 per cent during the corresponding period of the previous year.

The Index of Industrial Production (IIP) for the first quarter of 2002-03 stood at 4.3 per cent.

The manufacturing sector registered a growth of 5.5 per cent during April-June 2003, as against 4.1 per cent during the same period of the previous year.

While the electricity sector showed a growth of 3.9 per cent during the first quarter of current fiscal as against 3.7 per cent during the same period of last fiscal, the mining sector registered a decline to 5.3 per cent as against 6.8 per cent during April-June, 2002.

The Mining sector also showed a decline to 5.9 per cent during June, 2003, as against 9 per cent growth registered during June, 2002.

PTI