Quick estimates of index of industrial production

13 Feb '07

2 min read

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2006 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 258.3, which is 11.1% higher as compared to the level in the month of December 2005. The cumulative growth for the period April-December 2006 stands at 10.8% 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 December 2006 stand at 171.4, 275.7, and 211.8 respectively, with the corresponding growth rates of 3.8%, 11.9% and 9.3% as compared to December 2005. The cumulative growth during April-December, 2006-07 over the corresponding period of 2005-06 in the three sectors have been 3.9%, 11.8% and 7.5% respectively, which moved the overall growth in the General Index to 10.8%.

3. In terms of industries, all the seventeen (17) industry groups (as per 2-digit NIC-1987) in the Manufacturing sector have shown positive growth during the month of December 2006 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 29.3%, followed by 28.9% in 'Basic Metal and Alloy Industries' and 24.0% in 'Metal Products and Parts, except Machinery and Equipment.

4. As per Use-based classification, the Sectoral growth rates in December 2006 over December 2005 are 11.7% in Basic goods, 20.2% in Capital goods and 11.2% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 3.3% and 8.7% respectively, with the overall growth in Consumer goods being 7.4%.

More Ministry of Statistics & Programme Implementation News... More Textiles News - India...