Ministry of Statistics & Programme Implementation
Posted On:
12 MAR 2018 5:30PM by PIB Delhi
The Quick Estimates of Index of Industrial Production (IIP) with base2011-12 for the month of January 2018have been released by the Central Statistics Office of the Ministry of Statistics andProgramme Implementation. IIP is compiled using data received from 14 source agencies viz. (i) Department of Industrial Policy & Promotion (DIPP); (ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) JointPlant Committee, Ministry of Steel; (v) Ministry of Petroleum & Natural Gas; (vi) Office of Textile Commissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; and (xiv) Coffee Board.
2. The General Index for the month of January 2018 stands at 132.3, which is 7.5 percent higher as compared to the level in the month of January 2017. The cumulative growth for the period April-January 2017-18 over the corresponding period of the previous year stands at 4.1 percent.
3. The Indices of Industrial Productionfor the Mining, Manufacturing and Electricity sectors for the month of January 2018standat114.5, 133.8 and 149.5 respectively, with the corresponding growth rates of 0.1 percent, 8.7 percent and 7.6 percent as compared to January 2017 (Statement I). The cumulative growth in these three sectors during April-January 2017-18 over the corresponding period of 2016-17has been 2.5 percent, 4.3 percent and 5.3 percent respectively.
4.Interms of industries, sixteen out of the twenty three industry groups (asper 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of January 2018 as compared to the corresponding month of the previous year (Statement II).The industry group ‘Manufacture of other transport equipment’ has shown the highest positive growth of 33.1 percent followed by 27.8 percent in ‘Manufacture of furniture’ and 26.6 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’. On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest negative growth of (-) 46.5 percent followed by (-) 32.4 percent in ‘Other manufacturing’ and (-) 13.2 percent in ‘Printing and reproduction of recorded media’.
5. Asper Use-based classification, the growth rates in January 2018 over January 2017 are 5.8 percent in Primary goods, 14.6 percent in Capital goods, 4.9 percent in Intermediate goods and 6.8 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 8.0percent and 10.5 percent respectively.
6. Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Bodies of trucks, lorries and trailers’ (267.5%), ‘Steroids and hormonal preparations (including anti-fungal preparations)’ (102.9%), ‘Stainless steel utensils’ (89.2%),‘Axle’ (58.8%), ‘Separators including decanter centrifuge’ (49.7%), ‘Sugar’ (40.9%), ‘Two-wheelers (motorcycles/ scooters)’ (37.7%), ‘Digestive enzymes and antacids (incl. PPI drugs)’ (31.7%), ‘Commercial Vehicles’ (29.8%), ‘Films of polythene, polyester, PVC & other forms of plastic’ (22.0%) and ‘Cement- all types’ (21.5%).
7.Some important item groups that have registered high negative growth include ‘Jewellery of gold (studded with stones or not)’ [(-) 73.8%], ‘Other tobacco products’ [(-) 73.4%], ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 64.7%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 40.7%], ‘Kerosene’ [(-) 37.3%], ‘Material handling, lifting and hoisting equipment’ [(-) 34.3%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 29.1%], ‘Paper of all kinds excluding newsprint’ [(-) 28.8%], ‘Medical/ surgical accessories’ [(-) 27.1%] and ‘Printed Books (incl. Manuals, reports, brochures, catalogs, etc.)’ [(-) 21.1%].
8. Taking into account the weights, the dominant item groups (five each) which have positively and negatively contributed to the overall growth of IIP are given below:
|
Item Group
|
Weights (%)
|
Contribution to IIP Growth
|
|
High PositiveContributors
|
|
Digestive enzymes and antacids (incl. PPI drugs)
|
0.22
|
1.1375
|
|
Diesel
|
5.71
|
0.7704
|
|
Electricity
|
7.99
|
0.6884
|
|
Sugar
|
0.76
|
0.4651
|
|
Two-wheelers (motorcycles/ scooters)
|
1.36
|
0.4541
|
|
High Negative Contributors
|
|
Other tobacco products
|
0.24
|
-0.4816
|
|
Jewellery of gold (studded with stones or not)
|
0.44
|
-0.4047
|
|
Plastic components of packing/ closing/ bottling articles & of electrical fittings
|
0.26
|
-0.1137
|
|
Readymade Garments, knitted
|
0.23
|
-0.1018
|
|
Bags/ pouches of HDPE/ LDPE (plastic)
|
0.34
|
-0.0983
|
9. Along with the Quick Estimates of IIP for the month of January 2018, the indices for December 2017have undergone the first revision and those for October 2017 have undergone the final revision in the light of the updated data received from the source agencies.
10. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2008)andby Use-based classification for the month of January 2018, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.
Note: -
- This Pressreleaseinformation is alsoavailable at the Website of the Ministry - http://www.mospi.nic.in
- Release of the index for February 2018willbeonThursday, 12April 2018.
- Press release in Hindi follows and shall be available at:
http://mospi.nic.in/hi