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Ministry of Statistics & Programme Implementation12-December, 2023 17:30 IST

India's IIP Growth Rate Rises to 16-Month High of 11.7% in October 2023

QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF OCTOBER 2023 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12^th of every month (or previous working day if 12^th 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 October 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 144.7. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2023 stand at 127.4, 141.8 and 203.8 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 146.1 for Primary Goods, 106.9 for Capital Goods, 157.8 for Intermediate Goods and 173.9 for Infrastructure/ Construction Goods for the month of October 2023. Further, the indices for Consumer durables and Consumer non-durables stand at 123.0 and 141.5 respectively for the month of October 2023.

Details of Quick Estimates of the Index of Industrial Production for the month of October 2023 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 October 2023, the indices for September 2023 have undergone the first revision and those for July 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for October 2023, the first revision for September 2023 and the final revision for July 2023 have been compiled at weighted response rates of 91 percent, 94 percent and 96 percent respectively.

Release of the Index for November 2023 will be on Friday, 12^th January 2024.

Note: -

This Press release information is also available at the Website of the Ministry -http://www.mospi.gov.in
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	143.5	191.3	220.5	131.5	145.1
Sep	100.0	111.5	134.6	141.2	187.4	205.9	133.8	142.1
Oct*	112.6	127.4	128.5	141.8	169.3	203.8	129.5	144.7
Nov	122.7		137.5		166.7		137.7
Dec	132.6		144.9		179.4		145.9
Jan	136.1		145.5		186.6		147.4
Feb	129.2		137.6		174.0		139.3
Mar	154.2		147.5		188.0		151.7
Average

Apr-Oct	109.1	119.4	133.2	141.7	189.7	204.8	134.3	143.5

Growth over the corresponding period of previous year#

Oct*	2.6	13.1	-5.8	10.4	1.2	20.4	-4.1	11.7

Apr-Oct	4.0	9.4	5.0	6.4	9.4	8.0	5.3	6.9

* Figures for Oct’23 are Quick Estimates.

NOTE: Indices for the months of Jul'23 and Sep'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 #
Industry code			Oct'22	Oct'23*	Apr-Oct*		Oct'23*	Apr-Oct*
					2022-23	2023-24		2023-24
10	Manufacture of food products	5.3025	115.3	122.6	119.2	122.6	6.3	2.9
11	Manufacture of beverages	1.0354	89.9	101.8	106.1	111.1	13.2	4.7
12	Manufacture of tobacco products	0.7985	81.7	82.0	87.2	81.4	0.4	-6.7
13	Manufacture of textiles	3.2913	102.3	109.0	107.4	107.6	6.5	0.2
14	Manufacture of wearing apparel	1.3225	103.7	98.5	130.0	103.8	-5.0	-20.2
15	Manufacture of leather and related products	0.5021	76.9	89.6	94.2	95.8	16.5	1.7
16	Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	0.1930	94.9	93.3	106.1	97.6	-1.7	-8.0
17	Manufacture of paper and paper products	0.8724	79.5	82.5	83.4	80.7	3.8	-3.2
18	Printing and reproduction of recorded media	0.6798	84.2	87.0	90.3	88.6	3.3	-1.9
19	Manufacture of coke and refined petroleum products	11.7749	122.7	125.6	126.1	130.3	2.4	3.3
20	Manufacture of chemicals and chemical products	7.8730	122.1	127.5	130.7	128.2	4.4	-1.9
21	Manufacture of pharmaceuticals, medicinal chemical and botanical products	4.9810	188.1	209.2	199.9	226.8	11.2	13.5
22	Manufacture of rubber and plastics products	2.4222	101.3	109.5	104.5	108.3	8.1	3.6
23	Manufacture of other non-metallic mineral products	4.0853	124.5	140.6	130.9	142.1	12.9	8.6
24	Manufacture of basic metals	12.8043	192.2	215.1	184.0	208.7	11.9	13.4
25	Manufacture of fabricated metal products, except machinery and equipment	2.6549	77.8	92.2	83.6	88.9	18.5	6.3
26	Manufacture of computer, electronic and optical products	1.5704	132.8	125.7	144.7	124.8	-5.3	-13.8
27	Manufacture of electrical equipment	2.9983	84.1	95.2	94.1	104.4	13.2	10.9
28	Manufacture of machinery and equipment n.e.c.	4.7653	98.2	123.8	109.4	120.7	26.1	10.3
29	Manufacture of motor vehicles, trailers and semi-trailers	4.8573	108.8	135.4	113.6	126.7	24.4	11.5
30	Manufacture of other transport equipment	1.7763	127.5	161.1	130.0	141.1	26.4	8.5
31	Manufacture of furniture	0.1311	189.2	175.6	212.3	176.8	-7.2	-16.7
32	Other manufacturing	0.9415	79.4	103.9	92.5	92.2	30.9	-0.3

05	Mining	14.3725	112.6	127.4	109.1	119.4	13.1	9.4
10-32	Manufacturing	77.6332	128.5	141.8	133.2	141.7	10.4	6.4
35	Electricity	7.9943	169.3	203.8	189.7	204.8	20.4	8.0

	General Index	100.00	129.5	144.7	134.3	143.5	11.7	6.9
* Figures for Oct’23 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	156.5	152.8	173.5	116.2	122.9	134.9	147.8
Sep	128.5	138.8	103.9	112.6	145.3	154.1	156.9	170.9	123.8	125.2	138.9	143.0
Oct*	131.2	146.1	87.2	106.9	143.8	157.8	156.2	173.9	106.1	123.0	130.3	141.5
Nov	132.6		99.1		146.3		161.7		111.9		162.7
Dec	145.0		100.1		154.1		170.9		108.8		174.4
Jan	149.9		104.9		155.6		176.9		108.8		164.4
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-Oct	134.9	144.4	95.9	104.5	147.5	155.0	153.0	171.8	116.8	118.4	138.3	148.1

Growth over the corresponding period of previous year#

Oct*	2.1	11.4	-2.9	22.6	-2.3	9.7	1.7	11.3	-18.1	15.9	-13.0	8.6

Apr-Oct	8.2	7.0	14.0	9.0	5.4	5.1	6.8	12.3	5.4	1.4	-4.0	7.1

* Figures for Oct’23 are Quick Estimates.
NOTE: Indices for the months of Jul'23 and Sep'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	Nov-22	Dec-22	Jan-23	Feb-23	Mar-23	Apr-23	May-23	Jun-23	Jul-23	Aug-23	Sep-23	Oct-23
10	Manufacture of food products	5.3025	147.0	155.5	158.0	146.8	147.2	137.8	123.2	113.6	121.6	123.3	116.0	122.6
11	Manufacture of beverages	1.0354	92.9	98.1	104.3	104.4	123.5	109.2	124.1	125.0	109.4	103.4	104.5	101.8
12	Manufacture of tobacco products	0.7985	93.3	90.6	92.4	77.9	95.5	67.1	83.7	93.8	71.8	81.4	90.2	82.0
13	Manufacture of textiles	3.2913	107.7	110.7	107.9	102.0	110.2	105.6	107.4	107.8	108.5	106.9	107.8	109.0
14	Manufacture of wearing apparel	1.3225	117.0	125.6	120.1	129.1	133.1	92.1	112.2	120.1	103.9	97.6	102.4	98.5
15	Manufacture of leather and related products	0.5021	94.3	98.4	99.4	94.9	106.2	97.7	101.1	103.4	95.1	92.3	91.7	89.6
16	Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	0.1930	103.9	111.4	93.2	95.1	108.1	89.4	98.7	98.0	98.4	98.6	107.0	93.3
17	Manufacture of paper and paper products	0.8724	77.7	84.5	84.3	75.1	83.1	79.8	77.9	81.3	82.1	82.4	79.0	82.5
18	Printing and reproduction of recorded media	0.6798	90.0	100.0	88.5	84.3	91.7	88.6	88.7	88.7	89.0	91.2	87.2	87.0
19	Manufacture of coke and refined petroleum products	11.7749	116.6	132.3	137.6	126.0	141.1	129.1	138.0	133.5	131.9	131.7	122.4	125.6
20	Manufacture of chemicals and chemical products	7.8730	124.6	129.5	130.2	122.8	130.1	126.6	133.8	130.5	128.6	126.8	123.7	127.5
21	Manufacture of pharmaceuticals, medicinal chemical and botanical products	4.9810	250.5	276.3	243.9	229.3	194.7	237.0	227.9	225.3	244.5	225.0	219.0	209.2
22	Manufacture of rubber and plastics products	2.4222	103.3	105.4	105.3	98.8	110.2	106.3	112.7	106.5	107.7	108.2	107.1	109.5
23	Manufacture of other non-metallic mineral products	4.0853	131.7	142.8	143.2	136.8	152.8	146.7	148.4	149.5	134.0	142.8	132.8	140.6
24	Manufacture of basic metals	12.8043	192.7	201.9	210.8	195.4	214.0	201.9	206.3	203.4	209.4	213.1	211.5	215.1
25	Manufacture of fabricated metal products, except machinery and equipment	2.6549	86.3	92.3	81.4	83.7	95.4	76.4	87.1	86.7	83.8	99.2	96.6	92.2
26	Manufacture of computer, electronic and optical products	1.5704	127.0	117.7	130.7	123.8	134.1	111.5	115.1	121.9	118.6	131.5	149.5	125.7
27	Manufacture of electrical equipment	2.9983	107.5	109.1	105.4	101.6	108.7	106.6	106.6	103.5	102.5	108.3	108.0	95.2
28	Manufacture of machinery and equipment n.e.c.	4.7653	110.5	115.5	113.0	115.5	141.3	107.7	116.2	123.7	119.9	126.6	127.1	123.8
29	Manufacture of motor vehicles, trailers and semi-trailers	4.8573	113.9	107.4	118.2	116.8	122.4	112.9	126.1	123.6	129.5	128.5	131.1	135.4
30	Manufacture of other transport equipment	1.7763	131.6	106.0	119.3	117.2	139.2	119.5	131.2	140.6	123.5	145.9	166.0	161.1
31	Manufacture of furniture	0.1311	207.6	198.4	173.0	173.3	210.9	144.7	179.9	183.0	190.6	182.0	181.5	175.6
32	Other manufacturing	0.9415	77.5	93.5	82.1	81.6	108.5	87.8	79.2	85.6	97.1	94.7	97.0	103.9

5	Mining	14.3725	122.7	132.6	136.1	129.2	154.2	122.6	128.1	122.3	111.9	111.9	111.5	127.4
10-32	Manufacturing	77.6332	137.5	144.9	145.5	137.6	147.5	138.8	143.1	141.6	142.1	143.5	141.2	141.8
35	Electricity	7.9943	166.7	179.4	186.6	174.0	188.0	192.3	201.6	205.2	204.0	220.5	205.9	203.8

	General Index	100.0	137.7	145.9	147.4	139.3	151.7	140.7	145.6	143.9	142.7	145.1	142.1	144.7
Note: The figures for Aug’23, Sep’23 and Oct’23 are provisional

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

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BY/AKN

(Release ID :250995)