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Cumulative growth for April-Nov stands at 9.2%
12
Jan '08
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of November 2007 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 262.0, which is 5.3% higher as compared to the level in the month of November 2006. The cumulative growth for the period April-November 2007-08 stands at 9.2% over the corresponding period of the pervious year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2007 stand at 169.6, 280.8, and 210.9 respectively, with the corresponding growth rates of 3.5%, 5.4% and 5.8% as compared to November 2006.

The cumulative growth during April-November, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 4.9%, 9.8% and 7.0% respectively, which moved the overall growth in the General Index to 9.2%.

In terms of industries, as many as twelve (12) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of November 2007 as compared to the corresponding month of the previous year.

The industry group 'Other Manufacturing Industries' have shown the highest growth of 43.9%, followed by 37.7% in 'Wood and Wood Products; Furniture and Fixtures' and 11.2% in 'Machinery and Equipment other than Transport Equipment'.

On the other hand, the industry group 'Food Products' have shown a negative growth of 15.1% followed by 5.7% in 'Metal Products and Parts, except machinery and Equipment' and 3.4% in 'Jute and Other Vegetable Fibre Textiles (except cotton)'.

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