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Cumulative growth for April-May stands at 5%
12
Jul '08
The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of May 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 273.2, which is 3.8% higher as compared to the level in the month of May 2007. The cumulative growth for the period April-May 2008-09 stands at 5.0% over the corresponding period of the pervious year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2008 stand at 176.8, 291.5, and 230.1 respectively, with the corresponding growth rates of 5.2%, 3.9% and 2.0% as compared to May 2007.

The cumulative growth during April-May, 2008-09 over the corresponding period of 2007-08 in the three sectors have been 5.6%, 5.3% and 1.7% respectively, which moved the overall growth in the General Index to 5.0%.

In terms of industries, as many as eleven (11) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of May 2008 as compared to the corresponding month of the previous year.

The industry group 'Beverages, Tobacco and Related Products' have shown the highest growth of 31.1%, followed by 12.3% in 'Transport Equipment and Parts' and 9.5% in 'Basic Chemicals & Chemical Products (except products of Petroleum & Coal)'.

On the other hand, the industry group 'Wood and Wood Products; Furniture and Fixtures' have shown a negative growth of 30.7% followed by 10.4% in 'Rubber, Plastic, Petroleum and Coal Products' and 9.0% in 'Jute and Other Vegetables Fibre Textile (except Cotton)'.

As per Use-based classification, the Sectoral growth rates in May 2008 over May 2007 are 3.0% in Basic goods, 2.5% in Capital goods and 1.2% in Intermediate goods.

The Consumer durables and Consumer non-durables have recorded growth of 4.4% and 8.1% respectively, with the overall growth in Consumer goods being 7.2%.

Alongwith the Quick Estimates of IIP for May 2008, the indices for April 2008 have undergone the first revision and those for February 2008 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 March 2008 have already been released in June 2008 and these indices shall undergo final (second) revision in August 2008).

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 May 2008, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

Press Information Bureau Government of India

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