Index of Industrial Production (IIP) Data

• The base year of all India Index of Industrial Production (IIP) has been revised by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation from 1993-94 to 2004-05.
  
  
• The growth in the industrial sector as per the Index of Industrial Production (IIP) data in September 2011 is 1.9 per cent higher as compared to the level in the month of September 2010.The cumulative growth for the period April-September 2011-12 stands at 5.0 per cent over the corresponding period of the previous year.
  
  
• Industry data on monthly basis indicates that in the month of September 2011, the growth for the mining, manufacturing and electricity sector achieved a growth rate of (-) 5.6 per cent, 2.1 per cent and 9.0 per cent respectively,as compared to September 2010. The cumulative growth in the three sectors during April-September, 2011-12 over the corresponding period of 2010-11 has been (-) 1.0 per cent, 5.4 per cent and 9.4 per cent respectively, which moved the overall growth in the General Index to 5.0 per cent.
  
  
• In terms of industries, fifteen (15) out of the twenty two (22) industry groups (as per 2-digit NIC 2004) in the manufacturing sector have shown positive growth during the month of September 2011 as compared to the corresponding month of the previous year. The industry group radio, TV and communication equipment & apparatus has shown the highest growth of 25.0 per cent, followed by 19.0 per cent in other transport equipment and 16.6 per cent in office, accounting & computing machinery.On the other hand, the industry group electrical machinery & apparatus has shown a negative growth of 27.7 per cent followed by 8.2 per cent in furniture; manufacturing and 8.1 per cent in Wearing apparel; dressing and dyeing of fur.
  
  
• As per use-based classification, the growth rates in September 2011 over September 2010 are 4.5 per cent in Basic goods, (-) 6.8 per cent in Capital goods and 1.5 per cent in Intermediate goods.The Consumer durables and Consumer non-durables have recorded growth of 8.7 per cent and (-) 1.3 per cent respectively, with the overall growth in Consumer goods being 3.5 per cent.
  
  
• Some of the important items of capital goods showing high negative growth during the current month and thus contributing to the low growth of the overall index for the month include cement machinery [(-) 70.4 per cent], sugar machinery [(-) 63.8 per cent], cable, rubber insulated [(-) 45.3 per cent] and relays, fuses and switchgears [(-) 30.0 per cent]. However, some important items of the capital goods are also showing significant growth.These are: conductor, aluminium’ (45.0 per cent), earth moving machinery (44.9 per cent), x-ray equipment (35.0 per cent) and tractors (30.4 per cent).The other important items showing growth during the month are: fruit pulp (90.6 per cent), paraxylene (64.0 per cent), stainless/alloy steel (63.3 per cent), woollen carpets (61.9 per cent), linear low density polyethylene (58.9 per cent), tanned or chrome skins and leathers (58.1 per cent), steel castings (48.0 per cent), petroleum coke (44.6 per cent), scooter and mopeds (33.0 per cent), marble tiles/slabs (32.3 per cent), polythene bags including Hdpe & Ldpe bags (31.5 per cent) and telephone instruments including mobile phone and accessories (31.1 per cent).

Index of Industrial Production (IIP) Growth

Source: Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation, Government of India

Source: Central Statistics Office (CSO), Ministry of Statistics & Programme Implementation, Government of India