Ministry of Statistics & Programme Implementation

India's Index of Industrial Production grows by 3.8% in January 2024


QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF JANUARY 2024 (BASE 2011-12=100)

Posted On: 12 MAR 2024 5:30PM by PIB Delhi

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

For the month of January 2024, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 153.0. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2024 stand at 144.1, 150.1 and 197.1 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 154.2 for Primary Goods, 109.2 for Capital Goods, 163.0 for Intermediate Goods and 185.0 for Infrastructure/ Construction Goods for the month of January 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 120.7 and 163.9 respectively for the month of January 2024.

Details of Quick Estimates of the Index of Industrial Production for the month of January 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Along with the Quick Estimates of IIP for the month of January 2024, the indices for December 2023 have undergone the first revision and those for October 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for January 2024, the first revision for December 2023 and the final revision for October 2023 have been compiled at weighted response rates of 93 percent, 95 percent and 95 percent respectively.

Release of the Index for February 2024 will be on Friday, 12th April 2024.

Note: -

  1. This Press release information is also available at the Website of the Ministry -http://www.mospi.gov.in

  2. Press release in Hindi follows and shall be available at:

https://www.mospi.gov.in/hi

       

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base: 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

116.6

122.6

131.6

138.8

194.5

192.3

134.5

140.7

May

120.4

128.1

134.6

143.1

199.9

201.6

137.8

145.6

Jun

113.7

122.3

136.8

141.6

196.9

205.2

138.3

143.9

Jul

101.1

111.9

135.0

142.1

188.9

204.0

134.4

142.7

Aug

99.6

111.9

131.3

144.4

191.3

220.5

131.5

145.8

Sep

100.0

111.5

134.6

141.5

187.4

205.9

133.8

142.3

Oct

112.6

127.4

128.5

142.1

169.3

203.8

129.5

144.9

Nov

122.7

131.3

137.5

139.2

166.7

176.3

137.7

141.0

Dec

132.6

139.5

144.9

151.4

179.4

181.6

145.9

152.1

Jan*

136.1

144.1

145.5

150.1

186.6

197.1

147.4

153.0

Feb

129.2

 

137.6

 

174.0

 

139.3

 

Mar

154.2

 

147.5

 

188.0

 

151.7

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Jan

115.5

125.1

136.0

143.4

186.1

198.8

137.1

145.2

 

 

 

 

 

 

 

 

 

Growth over the corresponding period of previous year#

 

 

 

 

 

 

 

 

 

 

 

 

 

Jan*

9.0

5.9

4.5

3.2

12.7

5.6

5.8

3.8

 

 

 

 

 

 

 

 

 

Apr-Jan

5.8

8.3

4.9

5.4

10.1

6.8

5.5

5.9

 

 

 

 

 

 

 

 

 

 

* Figures for Jan’24 are Quick Estimates.

NOTE: Indices for the months of Oct'23 and Dec'23 incorporate updated production data.

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

 

        

    STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

 

(Base: 2011-12=100)

 

Industry

code

Description

Weight

Index

Cumulative Index

Percentage growth #

 

 

Jan'23

Jan'24*

Apr-Jan*

Jan'24*

Apr-Jan*

 

 

 

 

 

2022-23

2023-24

 

2023-24

10

Manufacture of food products

5.3025

158.0

157.1

129.5

131.6

-0.6

1.6

11

Manufacture of beverages

1.0354

104.3

114.0

103.8

108.8

9.3

4.8

12

Manufacture of tobacco products

0.7985

92.4

85.6

88.7

81.8

-7.4

-7.8

13

Manufacture of textiles

3.2913

107.9

111.2

107.8

108.2

3.1

0.4

14

Manufacture of wearing apparel

1.3225

120.1

118.2

127.3

105.0

-1.6

-17.5

15

Manufacture of leather and related products

0.5021

99.4

99.9

95.1

94.8

0.5

-0.3

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

93.2

97.1

105.1

96.7

4.2

-8.0

17

Manufacture of paper and paper products

0.8724

84.3

79.0

83.1

79.2

-6.3

-4.7

18

Printing and reproduction of recorded media

0.6798

88.5

90.6

91.1

89.4

2.4

-1.9

19

Manufacture of coke and refined petroleum products

11.7749

137.6

134.6

126.9

132.2

-2.2

4.2

20

Manufacture of chemicals and chemical products

7.8730

130.2

128.3

129.9

127.4

-1.5

-1.9

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

243.9

244.0

217.0

236.7

0.0

9.1

22

Manufacture of rubber and plastics products

2.4222

105.3

111.6

104.5

108.1

6.0

3.4

23

Manufacture of other non-metallic mineral products

4.0853

143.2

149.1

133.4

141.8

4.1

6.3

24

Manufacture of basic metals

12.8043

210.8

223.1

189.3

211.8

5.8

11.9

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

81.4

98.8

84.5

90.5

21.4

7.1

26

Manufacture of computer, electronic and optical products

1.5704

130.7

115.1

138.8

119.4

-11.9

-14.0

27

Manufacture of electrical equipment

2.9983

105.4

108.0

98.1

104.2

2.5

6.2

28

Manufacture of machinery and equipment n.e.c.

4.7653

113.0

117.0

110.5

118.7

3.5

7.4

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

118.2

139.5

113.5

126.9

18.0

11.8

30

Manufacture of other transport equipment

1.7763

119.3

149.5

126.7

141.5

25.3

11.7

31

Manufacture of furniture

0.1311

173.0

199.2

206.5

179.0

15.1

-13.3

32

Other manufacturing

0.9415

82.1

76.7

90.1

85.6

-6.6

-5.0

 

 

 

 

 

 

 

 

 

05

Mining

14.3725

136.1

144.1

115.5

125.1

5.9

8.3

10-32

Manufacturing

77.6332

145.5

150.1

136.0

143.4

3.2

5.4

35

Electricity

7.9943

186.6

197.1

186.1

198.8

5.6

6.8

 

 

 

 

 

 

 

 

 

 

General Index

100.00

147.4

153.0

137.1

145.2

3.8

5.9

* Figures for Jan’24 are Quick Estimates.

 

 

 

 

 

 

 

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED

(Base :2011-12=100)

 

Primary goods

Capital goods

Intermediate goods

Infrastructure/ Construction goods

Consumer durables

Consumer non-durables

Month

(34.048612)

(8.223043)

(17.221487)

(12.338363)

(12.839296)

(15.329199)

 

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

139.5

142.2

88.5

92.4

149.5

152.0

149.7

169.8

110.7

108.1

138.9

154.7

May

144.7

149.9

94.9

102.6

151.7

156.9

153.3

173.2

113.9

115.6

137.5

149.8

Jun

139.3

146.7

104.4

107.4

146.6

154.2

150.8

170.9

125.3

116.8

145.9

146.7

Jul

131.7

141.8

97.1

102.1

149.0

153.8

151.3

170.3

121.4

117.0

141.7

153.5

Aug

129.4

145.4

95.0

107.4

146.6

157.4

152.8

176.8

116.2

123.2

134.9

148.3

Sep

128.5

138.8

103.9

112.6

145.3

154.2

156.9

172.8

123.8

125.0

138.9

142.6

Oct

131.2

146.1

87.2

106.1

143.8

157.5

156.2

175.9

106.1

123.0

130.3

142.4

Nov

132.6

143.9

99.1

98.0

146.3

150.9

161.7

164.4

111.9

105.8

162.7

157.4

Dec

145.0

151.9

100.1

103.7

154.1

160.1

170.9

179.7

108.8

114.6

174.4

178.6

Jan*

149.9

154.2

104.9

109.2

155.6

163.0

176.9

185.0

108.8

120.7

164.4

163.9

Feb

139.9

 

104.9

 

145.1

 

165.7

 

108.3

 

154.8

 

Mar

158.3

 

123.0

 

159.4

 

181.7

 

118.6

 

147.5

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Jan

137.2

146.1

97.5

104.2

148.9

156.0

158.1

173.9

114.7

117.0

147.0

153.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Growth over the corresponding period of previous year#

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jan*

9.8

2.9

10.5

4.1

1.4

4.8

11.3

4.6

-8.2

10.9

6.5

-0.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Jan

8.0

6.5

13.5

6.9

4.3

4.8

8.5

10.0

2.1

2.0

-0.2

4.6

 

 

 

 

 

 

 

 

 

 

 

 

 

* Figures for Jan’24 are Quick Estimates.

NOTE: Indices for the months of Oct'23 and Dec'23 incorporate updated production data.

 

 

 

 

 

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

 

 

 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

(Base: 2011-12=100)

Ind

code

Description

Weight

Feb-23

Mar-23

Apr-23

May-23

Jun-23

Jul-23

Aug-23

Sep-23

Oct-23

Nov-23

Dec-23

Jan-24

 

10

Manufacture of food products

5.3025

146.8

147.2

137.8

123.2

113.6

121.6

123.9

114.6

123.5

141.3

159.4

157.1

 

11

Manufacture of beverages

1.0354

104.4

123.5

109.2

124.1

125.0

109.4

103.4

101.6

99.6

100.7

101.2

114.0

 

12

Manufacture of tobacco products

0.7985

77.9

95.5

67.1

83.7

93.8

71.8

81.4

89.8

82.7

79.3

82.3

85.6

 

13

Manufacture of textiles

3.2913

102.0

110.2

105.6

107.4

107.8

108.5

107.1

108.4

110.2

103.1

112.4

111.2

 

14

Manufacture of wearing apparel

1.3225

129.1

133.1

92.1

112.2

120.1

103.9

97.8

102.4

97.8

92.9

112.8

118.2

 

15

Manufacture of leather and related products

0.5021

94.9

106.2

97.7

101.1

103.4

95.1

92.4

91.8

91.1

79.0

96.3

99.9

 

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

95.1

108.1

89.4

98.7

98.0

98.4

98.5

108.1

93.7

87.6

97.6

97.1

 

17

Manufacture of paper and paper products

0.8724

75.1

83.1

79.8

77.9

81.3

82.1

82.3

78.5

78.5

74.7

78.0

79.0

 

18

Printing and reproduction of recorded media

0.6798

84.3

91.7

88.6

88.7

88.7

89.0

91.0

87.5

87.0

86.7

95.8

90.6

 

19

Manufacture of coke and refined petroleum products

11.7749

126.0

141.1

129.1

138.0

133.5

131.9

131.7

122.4

125.7

133.1

141.9

134.6

 

20

Manufacture of chemicals and chemical products

7.8730

122.8

130.1

126.6

133.8

130.5

128.6

126.8

123.6

126.5

119.6

129.7

128.3

 

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

229.3

194.7

237.0

227.9

225.3

244.5

225.9

220.1

212.8

244.6

284.5

244.0

 

22

Manufacture of rubber and plastics products

2.4222

98.8

110.2

106.3

112.7

106.5

107.7

108.5

106.5

109.0

105.2

107.0

111.6

 

23

Manufacture of other non-metallic mineral products

4.0853

136.8

152.8

146.7

148.4

149.5

134.0

142.5

132.8

140.5

127.7

147.2

149.1

 

24

Manufacture of basic metals

12.8043

195.4

214.0

201.9

206.3

203.4

209.4

217.4

213.6

217.2

206.5

218.7

223.1

 

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

83.7

95.4

76.4

87.1

86.7

83.8

100.0

97.1

92.8

81.7

100.6

98.8

 

26

Manufacture of computer, electronic and optical products

1.5704

123.8

134.1

111.5

115.1

121.9

118.6

131.4

149.4

123.1

96.5

111.6

115.1

 

27

Manufacture of electrical equipment

2.9983

101.6

108.7

106.6

106.6

103.5

102.5

108.6

108.0

94.8

89.0

114.6

108.0

 

28

Manufacture of machinery and equipment n.e.c.

4.7653

115.5

141.3

107.7

116.2

123.7

119.9

126.3

127.0

123.3

109.4

116.3

117.0

 

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

116.8

122.4

112.9

126.1

123.6

129.5

128.6

130.5

135.7

124.4

117.9

139.5

 

30

Manufacture of other transport equipment

1.7763

117.2

139.2

119.5

131.2

140.6

123.5

145.9

166.0

157.2

144.5

137.2

149.5

 

31

Manufacture of furniture

0.1311

173.3

210.9

144.7

179.9

183.0

190.6

189.5

185.1

176.8

144.3

196.4

199.2

 

32

Other manufacturing

0.9415

81.6

108.5

87.8

79.2

85.6

97.1

94.6

96.7

103.7

65.8

68.9

76.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Mining

14.3725

129.2

154.2

122.6

128.1

122.3

111.9

111.9

111.5

127.4

131.3

139.5

144.1

 

10-32

Manufacturing

77.6332

137.6

147.5

138.8

143.1

141.6

142.1

144.4

141.5

142.1

139.2

151.4

150.1

 

35

Electricity

7.9943

174.0

188.0

192.3

201.6

205.2

204.0

220.5

205.9

203.8

176.3

181.6

197.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General Index

100.00

139.3

151.7

140.7

145.6

143.9

142.7

145.8

142.3

144.9

141.0

152.1

153.0

 

Note: The figures for Nov’23, Dec’23 and Jan’24 are provisional

 

 

 

 

 

 

 

 

 

 

 

 

 

The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

****

BY/ST



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