Quick estimates of index of industrial production

11 Aug '07

3 min read

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of June 2007 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation.

The General Index stands at 257.3, which is 9.8% higher as compared to the level in the month of June 2006. The cumulative growth for the period April-June 2007-08 stands at 11.0% over the corresponding period of the pervious year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2007 stand at 161.8, 275.8, and 211.7 respectively, with the corresponding growth rates of 3.6%, 10.6% and 6.8% as compared to June 2006.

The cumulative growth during April-June, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 3.2%, 11.9% and 8.3% respectively, which moved the overall growth in the General Index to 11.0%

In terms of industries, as many as sixteen (16) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of June 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 103.9%, followed by 35.2% in 'Jute and other Vegetable Fibre Textiles (except cotton)' and 32.5% in 'Other Manufacturing Industries'.

On the other hand, the industry group 'Metal Products and Parts, except Machinery and Equipment' have shown a negative growth of 7.7%.

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