Ministry of Statistics & Programme Implementation
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India's Index of Industrial Production recorded growth of 3.5% in October 2024


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

Posted On: 12 DEC 2024 4:00PM 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. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

1.        Key Highlights:

  1.  The IIP growth rate for the month of October 2024 is 3.5 percent which was 3.1 percent in the month of September 2024.
  2.  The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of October 2024 are 0.9 percent, 4.1 percent and 2.0 percent respectively.
  3.  The Quick Estimates of IIP stands at 149.9 against 144.9 in October 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2024 stand at 128.5, 147.9 and 207.8 respectively. 
  4. Within the manufacturing sector, 18 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in October 2024 over October 2023. The top three positive contributors for the month of October 2024 are – “Manufacture of basic metals” (3.5%), “Manufacture of electrical equipment” (33.1%) and “Manufacture of coke and refined petroleum products” (5.6%).
  5. In the industry group “Manufacture of basic metals”, item groups “Pipes and tubes of Steel”, “Galvanized products of Steel (including colour coated tin plates, TMBP and Tin free steel)”, “Bars and Rods of Mild steel” have shown significant contribution in growth.
  6. In the industry group “Manufacture of electrical equipment”, item groups “Electric heaters”, “Transformers (Small)”, “End facing connector for optical fibres and cables” have shown significant contribution in growth.
  7. In the industry group “Manufacture of coke and refined petroleum products” item groups “Petrol/ motor spirit”, “Aviation Turbine Fuel (ATF)”, “Liquefied Petroleum Gas (LPG)” have shown significant contribution in growth.
  8.  As per the use base classification, the indices stand at 149.9 for Primary Goods, 109.4 for Capital Goods, 163.4 for Intermediate Goods and 183.0 for Infrastructure/ Construction Goods for the month of October 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 130.2 and 146.3 respectively.
  9.  The corresponding growth rates of IIP as per Use-based classification in October 2024 over October 2023 are 2.6 percent in Primary goods, 3.1 percent in Capital goods, 3.7 percent in Intermediate goods, 4.0 percent in Infrastructure/ Construction Goods, 5.9 percent in Consumer durables and 2.7 percent in Consumer non-durables (Statement III).  Based on use-based classification, top three positive contributors to the growth of IIP for the month of October 2024 are – Primary goods, Intermediate goods, and Consumer durables.
  10.   Monthly Indices and Growth Rate (in %) of IIP for the last 13 months

 

2.       Along with the Quick Estimates of IIP for the month of October 2024, the indices for September 2024 have undergone the first revision and those for July 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for October 2024, the first revision for September 2024 and the final revision for July 2024 have been compiled at weighted response rates of 96 percent, 94 percent and 91 percent respectively.

3.     Details of Quick Estimates of the Index of Industrial Production for the month of October 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 13 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

4.     Release of the Index for November 2024 will be on Friday, 10th January 2025.

Note: -

  1. This Press release (English and Hindi Version) is also available at the Ministry’s Website -http://www.mospi.gov.in.
  2. Detailed information pertaining to IIP is available at https://mospi.gov.in/iip and https://esankhyiki.mospi.gov.in/

 

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base: 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100.00)

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

Apr

122.6

130.9

138.8

144.6

192.3

212.0

140.7

148.0

May

128.1

136.5

143.1

150.4

201.6

229.3

145.6

154.7

Jun

122.3

134.9

141.6

146.6

205.2

222.8

143.9

151.0

Jul

111.9

116.1

142.1

148.8

204.0

220.2

142.7

149.8

Aug

111.9

107.1

144.4

146.0

220.5

212.3

145.8

145.7

Sep

111.5

111.7

141.5

147.0

205.9

206.9

142.3

146.7

Oct*

127.4

128.5

142.1

147.9

203.8

207.8

144.9

149.9

Nov

131.3

 

139.3

 

176.3

 

141.1

 

Dec

139.5

 

151.6

 

181.6

 

152.3

 

Jan

144.3

 

150.8

 

197.1

 

153.6

 

Feb

139.7

 

144.4

 

187.2

 

147.1

 

Mar

156.2

 

156.2

 

204.2

 

160.0

 

Average

               

Apr-Oct

119.4

123.7

141.9

147.3

204.8

215.9

143.7

149.4

Growth over the corresponding period of previous year

     

Sep

11.5

0.2

5.1

3.9

9.9

0.5

6.4

3.1

Oct*

13.1

0.9

10.6

4.1

20.4

2.0

11.9

3.5

Apr-Oct

9.4

3.6

6.5

3.8

8.0

5.4

7.0

4.0

* Figures for October 2024 are Quick Estimates.

NOTE: Indices for the months of Sep'24 and Jul'24 incorporate updated production data.

 

 

 

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

 

(Base: 2011-12=100)

 

 

Industry

Description

Weight

Index

Cumulative Index

Percentage growth

 

code

 

 

Oct'23

Oct'24*

Apr-Oct*

Oct'24*

Apr-Oct*

 

 

 

 

 

 

2023-24

2024-25

 

2024-25

 

10

Manufacture of food products

5.302

123.5

129.5

122.6

120.8

4.9

-1.5

 

11

Manufacture of beverages

1.035

99.6

103.0

110.3

114.8

3.4

4.1

 

12

Manufacture of tobacco products

0.798

82.7

92.0

81.5

82.1

11.2

0.7

 

13

Manufacture of textiles

3.291

110.2

111.4

107.9

108.3

1.1

0.4

 

14

Manufacture of wearing apparel

1.322

97.8

104.7

103.8

111.8

7.1

7.7

 

15

Manufacture of leather and related products

0.502

91.1

87.9

96.1

95.0

-3.5

-1.1

 

16

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

0.193

93.7

103.1

97.8

100.9

10.0

3.2

 

17

Manufacture of paper and paper products

0.872

78.5

79.2

80.1

80.0

0.9

-0.1

 

18

Printing and reproduction of recorded media

0.680

87.0

78.7

88.6

84.5

-9.5

-4.6

 

19

Manufacture of coke and refined petroleum products

11.775

125.7

132.8

130.3

134.5

5.6

3.2

 

20

Manufacture of chemicals and chemical products

7.873

126.5

129.0

128.1

130.8

2.0

2.1

 

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.981

212.8

217.7

227.6

226.7

2.3

-0.4

 

22

Manufacture of rubber and plastics products

2.422

109.0

116.9

108.2

114.5

7.2

5.8

 

23

Manufacture of other non-metallic mineral products

4.085

140.5

144.9

142.1

144.2

3.1

1.5

 

24

Manufacture of basic metals

12.804

217.2

224.8

209.9

222.4

3.5

6.0

 

25

Manufacture of fabricated metal products, except machinery and equipment

2.655

92.8

100.3

89.1

94.2

8.1

5.7

 

26

Manufacture of computer, electronic and optical products

1.570

123.1

123.8

124.4

133.4

0.6

7.2

 

27

Manufacture of electrical equipment

2.998

94.8

126.2

104.4

126.3

33.1

21.0

 

28

Manufacture of machinery and equipment n.e.c.

4.765

123.3

120.4

120.6

121.8

-2.4

1.0

 

29

Manufacture of motor vehicles, trailers and semi-trailers

4.857

135.7

133.5

126.7

131.3

-1.6

3.6

 

30

Manufacture of other transport equipment

1.776

157.2

184.5

140.6

161.7

17.4

15.0

 

31

Manufacture of furniture

0.131

176.8

225.7

178.5

227.2

27.7

27.3

 

32

Other manufacturing

0.941

103.7

92.1

92.1

86.5

-11.2

-6.1

 

                 

 

05

Mining

14.3725

127.4

128.5

119.4

123.7

0.9

3.6

 

10-32

Manufacturing

77.6332

142.1

147.9

141.9

147.3

4.1

3.8

 

35

Electricity

7.9943

203.8

207.8

204.8

215.9

2.0

5.4

 

                 

 

 

General Index

100.00

144.9

149.9

143.7

149.4

3.5

4.0

                     

* Figures for October 2024 are Quick Estimates

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)

 

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

Apr

142.2

152.2

92.4

95.0

152.0

157.8

169.8

184.2

108.1

119.5

154.7

150.9

May

149.9

160.9

102.6

105.3

156.9

162.4

173.2

186.3

115.6

130.2

149.8

154.0

Jun

146.7

156.0

107.4

111.3

154.2

159.1

170.9

184.9

116.8

127.1

146.7

145.2

Jul

141.8

150.1

102.1

114.0

153.8

164.6

170.3

179.7

117.0

126.6

153.5

147.1

Aug

145.4

141.6

107.4

107.9

157.4

162.2

176.8

180.7

123.2

129.7

148.3

141.7

Sep

138.8

141.3

112.6

116.6

154.2

159.8

172.8

178.4

125.0

133.1

142.6

145.7

Oct*

146.1

149.9

106.1

109.4

157.5

163.4

175.9

183.0

123.0

130.2

142.4

146.3

Nov

143.8

 

98.0

 

151.3

 

164.2

 

106.5

 

157.2

 

Dec

151.9

 

103.8

 

159.8

 

180.3

 

114.5

 

179.7

 

Jan

154.3

 

108.3

 

163.8

 

186.6

 

121.4

 

164.9

 

Feb

148.2

 

106.7

 

157.6

 

179.5

 

121.9

 

149.9

 

Mar

163.1

 

131.6

 

169.2

 

195.2

 

129.9

 

155.2

 

Average

                       

Apr-Oct

144.4

150.3

104.4

108.5

155.1

161.3

172.8

182.5

118.4

128.1

148.3

147.3

Growth over the corresponding period of previous year

             

Sep

8.0

1.8

8.4

3.6

6.1

3.6

10.1

3.2

1.0

6.5

2.7

2.2

Oct*

11.4

2.6

21.7

3.1

9.5

3.7

12.6

4.0

15.9

5.9

9.3

2.7

Apr-Oct

7.0

4.1

8.9

3.9

5.2

4.0

12.9

5.6

1.4

8.2

7.2

-0.7

                           
 

 

* Figures for October 2024 are Quick Estimates.

 

NOTE: Indices for the months of Sep'24 and Jul'24 incorporate updated production data.

 

 

 

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

 

(Base: 2011-12=100)

Industry code

Description

Weight

Oct-23

Nov-23

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Sep-24

Oct-24

 

10

Manufacture of food products

5.3025

123.5

141.5

160.8

158.9

151.9

142.4

119.8

116.4

118.3

119.9

121.9

120.1

129.5

 

11

Manufacture of beverages

1.0354

99.6

100.7

101.3

112.6

120.0

124.2

123.8

136.4

125.2

112.9

100.0

102.0

103.0

 

12

Manufacture of tobacco products

0.7985

82.7

79.8

82.7

84.6

77.3

78.3

61.1

88.1

83.2

81.3

78.1

91.2

92.0

 

13

Manufacture of textiles

3.2913

110.2

102.7

112.3

109.7

104.1

106.9

105.3

107.0

106.2

109.1

109.5

109.6

111.4

 

14

Manufacture of wearing apparel

1.3225

97.8

92.9

113.1

117.3

125.6

143.0

105.1

123.6

122.6

111.7

111.5

103.6

104.7

 

15

Manufacture of leather and related products

0.5021

91.1

78.8

95.9

99.9

96.8

95.9

89.3

102.6

99.2

102.0

94.3

89.6

87.9

 

16

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

0.1930

93.7

87.6

97.7

96.4

101.7

111.4

84.3

100.3

103.8

99.1

109.3

106.7

103.1

 

17

Manufacture of paper and paper products

0.8724

78.5

73.3

78.1

79.1

79.2

83.0

75.6

81.0

79.8

81.7

81.9

81.1

79.2

 

18

Printing and reproduction of recorded media

0.6798

87.0

84.1

95.5

91.3

88.8

91.6

82.1

91.9

85.3

84.4

84.0

85.1

78.7

 

19

Manufacture of coke and refined petroleum products

11.7749

125.7

132.9

141.9

134.7

131.2

142.4

135.4

140.7

132.2

140.9

130.8

128.9

132.8

 

20

Manufacture of chemicals and chemical products

7.8730

126.5

119.5

127.5

127.6

125.4

132.3

127.0

133.2

131.7

135.2

130.1

129.4

129.0

 

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

212.8

244.3

286.3

245.6

205.6

228.0

244.4

245.0

218.8

224.7

212.7

223.3

217.7

 

22

Manufacture of rubber and plastics products

2.4222

109.0

105.1

106.9

112.8

110.3

116.3

108.9

112.4

114.5

116.9

115.4

116.6

116.9

 

23

Manufacture of other non-metallic mineral products

4.0853

140.5

127.0

147.1

147.5

147.7

165.4

148.7

149.1

154.1

136.3

139.4

137.2

144.9

 

24

Manufacture of basic metals

12.8043

217.2

207.3

220.2

226.9

213.2

232.1

220.7

225.9

219.2

223.7

224.5

218.3

224.8

 

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

92.8

81.0

98.1

95.1

95.7

115.0

85.0

97.8

89.5

93.7

93.5

99.4

100.3

 

26

Manufacture of computer, electronic and optical products

1.5704

123.1

96.7

111.6

120.8

125.8

134.7

114.2

136.5

134.8

130.9

146.7

146.8

123.8

 

27

Manufacture of electrical equipment

2.9983

94.8

89.0

116.6

108.1

111.5

124.7

110.4

122.7

136.8

131.8

127.8

128.2

126.2

 

28

Manufacture of machinery and equipment n.e.c.

4.7653

123.3

109.1

115.5

116.4

121.0

145.4

108.0

118.1

125.3

126.2

123.2

131.6

120.4

 

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

135.7

126.7

118.5

140.5

130.4

130.5

126.5

134.4

128.9

133.5

129.3

133.2

133.5

 

30

Manufacture of other transport equipment

1.7763

157.2

144.5

137.2

149.5

145.8

175.7

140.3

153.2

153.4

155.0

156.4

189.0

184.5

 

31

Manufacture of furniture

0.1311

176.8

144.5

197.4

199.0

227.7

296.4

220.8

246.0

217.0

209.2

226.0

246.0

225.7

 

32

Other manufacturing

0.9415

103.7

65.8

70.5

76.6

76.4

90.0

96.5

72.5

74.6

83.3

86.9

99.5

92.1

 

 

 

 

                     

 

 

 

5

Mining

14.3725

127.4

131.3

139.5

144.3

139.7

156.2

130.9

136.5

134.9

116.1

107.1

111.7

128.5

 

10-32

Manufacturing

77.6332

142.1

139.3

151.6

150.8

144.4

156.2

144.6

150.4

146.6

148.8

146.0

147.0

147.9

 

35

Electricity

7.9943

203.8

176.3

181.6

197.1

187.2

204.2

212.0

229.3

222.8

220.2

212.3

206.9

207.8

 

 

 

 

                     

 

 

 

 

General Index

100

144.9

141.1

152.3

153.6

147.1

160.0

148.0

154.7

151.0

149.8

145.7

146.7

149.9

 

                                   

 

* Figures for October 2024 are Quick Estimates

  NOTE: Indices for the months of Sep'24 and Jul'24 incorporate updated production data.

*****

SB/ARJ


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