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Index of Industrial Production higher in Oct

13 Dec '07
3 min read

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

The General Index stands at 261.5, which is 11.8% higher as compared to the level in the month of October 2006. The cumulative growth for the period April-October 2007-08 stands at 9.7% over the corresponding period of the pervious year.

2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2007 stand at 167.3, 279.1, and 221.4 respectively, with the corresponding growth rates of 3.7%, 13.3% and 4.2% as compared to October 2006.

The cumulative growth during April-October, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 4.8%, 10.4% and 7.2% respectively, which moved the overall growth in the General Index to 9.7%.

3. 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 October 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 73.7%, followed by 34.2% in 'Other Manufacturing Industries' and 32.2% in 'Leather and Leather & Fur Products'.

On the other hand, the industry group 'Metal Products and Parts, except machinery and Equipment' has shown a negative growth of 19.8%.

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