Quick Estimates of Index of Industrial Production and Use-Based …

The Quick Estimates of Index of Industrial Production (IIP) with base
2011-12 for the month of April 2017 have been released by the Central
Statistics Office of the Ministry of Statistics and Programme Implementation. IIP
is compiled using data received from 14 source agencies viz. (i) Department of Industrial Policy & Promotion (DIPP);
(ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) Joint
Plant Committee, Ministry of Steel; (v) Ministry of Petroleum & Natural
Gas; (vi) Office of Textile Commissioner; (vii) Department of Chemicals &
Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix)
Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner;
(xii) Office of Coal Controller; (xiii) Railway Board; and (xiv) Coffee Board.

2. The
General Index for the month of April 2017 stands at 117.9, which is 3.1 percent
higher as compared to the level in the month of April 2016. The cumulative
growth for the period April-March 2016-17 over the corresponding period of the
previous year stands at 5.0 percent.

3. The Indices of Industrial Production for the Mining,
Manufacturing and Electricity sectors for the month of April 2017 stand at
99.9, 117.9 and 150.6 respectively, with the corresponding growth rates of 4.2
percent, 2.6 percent and 5.4 percent as compared to April 2016 (Statement I).
The cumulative growth in these three sectors during April-March 2016-17 over
the corresponding period of 2015-16 has been 5.4 percent, 4.9 percent and 5.8
percent respectively.

4. In
terms of industries, fourteen out of the twenty three industry groups ( as per 2-digit NIC-2008) in the manufacturing sector h ave shown positive growth during the month of April 2017 as
compared to the corresponding month of the previous year (St atement II). The industry group ‘Manufacture of
pharmaceuticals, medicinal chemical and botanical products’ has shown the
highest positive growth of 29.1 percent followed by 17.9 percent in
‘Manufacture of tobacco products’ and 9.5 percent in ‘Manufacture of machinery
and equipment n.e.c.’. On the other hand, the
industry group ‘Manufacture of beverages’ has shown the highest negative growth
of (-) 19.2 percent followed by (-) 15.6 percent in ‘Manufacture of motor
vehicles, trailers and semi-trailers’ and (-) 14.4 percent in ‘Manufacture of
electrical equipment’.

5. As
per Use-based classification, the growth rates in April 2017 over April 2016
are 3.4 percent in Primary goods, (-) 1.3 percent in Capital goods, 4.6 percent
in Intermediate goods and 5.8 percent in Infrastructure/ Construction Goods
(Statement III).  The Consumer durables and Consumer non-durables have
recorded growth of (-) 6.0 percent and 8.3 percent respectively.

6. Some
important items showing high positive growth during the current month over the
same month in previous year include ‘Digestive enzymes and antacids (incl. PPI
drugs)’ (113.4%), ‘Printing machinery’ (57.2%), ‘Meters (electric and
non-electric)’ (45.1%), ‘Bidi’ (38.7%), ‘Tea’
(33.8%), ‘HR plates of mild steel’ (26.6%), ‘Industrial Valves of different
types- safety, relief and control valves(non-electronic, non-electrical)’
(25.2%), ‘HR coils and sheets  of mild steel’ (24.6%) and ‘Steel
frameworks or skeletons for construction of towers including pit props’
(21.3%).

7. Some
important items that have registered high negative growth include ‘Shelled
cashew kernel, whether or not processed/ roasted/ salted’ [(-) 72.9%], ‘Axle’
[(-) 60.3%], ‘API & formulations of hypo-lipidemic
agents incl. anti-hyper-triglyceridemics; anti-hypertensive’
[(-) 44.8%], ‘Rice (excluding basmati)’ [(-) 39.9%], ‘Plastic jars, bottles and
containers’ [(-) 39.7%],  ‘Air filters’ [(-) 31.9%], ‘Tooth Paste’ [(-)
31.8%],  ‘Air/ gas compressors of all types (incl. compressors for refrigerators)’
[(-) 31.6%], ‘Stainless steel utensils’ [(-) 29.6%], ‘Commercial Vehicles’ [(-)
28.8%], ‘Aerated drinks/ soft drinks (incl. soft drink concentrates)’ [(-)
26.5%], ‘Beer & other undistilled and fermented
alcoholic liqueurs other than wines’ [(-) 26.1%] and ‘Vaccine for veterinary
medicine’ [(-) 24.2%].

8. Taking into account the weights, the dominant item
groups (five each) which have positively and negatively contributed to the
overall growth of IIP are given below:

9.
Along with the Quick Estimates of IIP for the month of April 2017, the indices
for March 2017 have undergone the first revision and those for January 2017
have undergone the final revision in the light of the updated data received from
the source agencies.

10. Statements giving Quick Estimates of the Index of
Industrial Production at Sectoral, 2-digit level of
National Industrial Classification (NIC-2008) and by Use-based classification
for the month of April 2017, along with the growth rates over the corresponding
month of the previous year including the cumulative indices are enclosed.

Note: –

1. This
   Press release information is also available at the Website of the Ministry
   – http://www.mospi.nic.in
2. Release
   of the index for May 2017 will be on Wednesday, 12 July 2017.

3. Revisions
   in the months of January and March 2017 as per IIP with base 2004-05 have also
   been undertaken and are available at the Website of the Ministry – http://www.mospi.nic.in.