Subject: Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of January, 2011.

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of January 2011 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index stands at 360.0, which is 3.7% higher as compared to the level in the month of January 2010. The cumulative growth for the period April- January, 2010-11 stands at 8.3% over the corresponding period of the previous year.

2.      The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2011 stand at 220.3, 390.5, and 265.8 respectively, with the corresponding growth rates of 1.6%, 3.3% and 10.5% as compared to January 2010. The cumulative growth during April- January, 2010-11 over the corresponding period of 2009-10 in these three sectors have been 7.2%, 8.6% and 5.3% respectively, which moved the overall growth in the General Index to 8.3%.

3.      In terms of industries, fourteen (14) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of January 2011 as compared to the corresponding month of the previous year. The industry groups ‘Jute and other vegetable fibre Textiles (except cotton)’ have shown the highest growth of 772.6%, followed by 39.0% in ‘Other Manufacturing Industries’ and 27.0% in ‘Leather and Leather & Fur Products’.  On the other hand, the industry groups ‘Metal Products and Parts, except Machinery and Equipment’ have shown a negative growth of 34.4% followed by 22.2% in ‘Wood and Wood Products; Furniture and Fixtures’.

4.      As per Use-based classification, the Sectoral growth rates in January 2011 over January 2010 are 7.6% in Basic goods, (-) 18.6% in Capital goods and 7.9% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 23.3% and 6.9% respectively, with the overall growth in Consumer goods being 11.3%.

5.        Some of the important items responsible for the current month’s negative growth in the capital goods include ‘Ship building and repair’ [(-) 55.5%], ‘Material handling equipment in cl. wagon’ [(-) 44.7%], and ‘Insulated cables/wires all kinds’ [(-) 41.6%]. However, some important items of the Capital goods are also showing significant positive growth. These are: ‘Process control instruments’ (100.5%), ‘Laboratory and scientific instruments’ (49.9%), ‘Complete tractors’ (31.1%) and ‘Power & dist. Transformers’ (30.1%).

6.        Though capital goods are showing negative growth, there are other important items which are showing highly positive growth during the month; such as : ‘Monocrotophos’(113.1%), ‘Trimethoprim’(93.9%), ‘Reactive dyes’(73.4%), ‘Alarm time pieces’(73.3%), ‘Ampicillin’ (65.5%), ‘A.C.single phase house service meters’(65.4%), ‘Writing instruments’(55.2%) and  Graphite electrodes & anodes(52.6%). 

7.      Alongwith the Quick Estimates of IIP for January 2011, the indices for December 2010 have undergone the first revision and those for October 2010 have undergone the second (final) revision in the light of the updated data received from the source agencies. (It may be noted that revised indices (first revision) in respect of November 2010 have already been released along with the Quick estimate for the month of December 2010 and these indices shall undergo final (second) revision in IIP for the month of February 2011).

8.      Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC)-1987 and by Use-based classification for the month of January 2011, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

Note: -

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

2.      Release of the index for February 2011 will be at 11.00 hours on the Monday, 11 April 2011.

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