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General Index stands at 283.8, 7.6% higher
13
Feb '08
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2007 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 283.8, which is 7.6% higher as compared to the level in the month of December 2006. The cumulative growth for the period April-December 2007-08 stands at 9.0% 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 December 2007 stand at 180.6, 305.7, and 219.6 respectively, with the corresponding growth rates of 3.0%, 8.4% and 3.8% as compared to December 2006.

The cumulative growth during April-December, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 4.9%, 9.6% and 6.6% respectively, which moved the overall growth in the General Index to 9.0%.

3. In terms of industries, as many as thirteen (13) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of December 2007 as compared to the corresponding month of the previous year.

The industry group 'Wood and Wood Products; Furniture and Fixtures' have shown the highest growth of 31.3%, followed by 30.6% in 'Other Manufacturing Industries' and 21.7% in 'Basic Chemicals & Chemical Products (except production of Petroleum & Coal)'.

On the other hand, the industry group 'Metal Products and Parts, except machinery and Equipment' have shown a negative growth of 23.6% followed by 2.0% in 'Wool, Silk and Man-made Fibre Textiles' and 1.7% in 'Non-Metallic Mineral Products'.

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