IIP News

The data showed that the manufacturing sector, which provides quality jobs for the young graduates passing out of the country’s universities and engineering institutes, registered a 3.9 per cent growth in June this year over the same month of the previous year.

Given the subdued domestic demand conditions and soft global prices, non-food inflation is also expected to remain benign for the rest of the fiscal year, as per the report.

According to data released by the Ministry of Statistics and Programme Implementation on Friday, in April, the IIP stood at 4.2 percent.

In June, retail inflation was at 7.01 per cent. food inflation in July 2022 moderated to 6.75 percent.

Government records show that industrial production increased by 19.6 percent in May. IIP increased by 7.1 percent in April of this year. In August last year, industrial production increased by 13%.

Manufacturing sector recorded a growth of 6.3 per cent in the first month. As per the data, power and mining sectors grew by 11.8 percent and 7.8 percent, respectively.

The IIP had grown by 24.2 per cent in March 2021. During 2021-22, the IIP grew 11.3 per cent. IIP had contracted 8.4 per cent in 2020-21.

The manufacturing sector grew 0.9 per cent in November. The manufacturing sector constitutes 77.63 per cent of IIP. The mining sector output rose five per cent in November.

The rise in Index of Industrial Production (IIP) for October marginally eased to 3.2 per cent. IIP stood at 3.30 per cent in September 2021. Manufacturing production fell 2 per cent from 4.5 per cent.

Mining output climbed to 8.6 per cent in September 2021. Power generation increased to 0.9 per cent in the month. During April-September 2021, the IIP grew 23.5 per cent.

The manufacturing sector, which constitutes 77.63 per cent of the Index of Industrial Production (IIP), grew 9.7 per cent in August. The mining sector output rose 23.6 per cent in August, while power generation increased 16 per cent. In August 2021, the IIP stood at 131.1 points compared to 117.2 points in the same month last year.

The July data, on a YoY basis, showed that manufacturing of primary goods grew by 12.4 per cent from (-) 10.8 per cent. Capital goods production rose 29.5 per cent from (-) 22.8 per cent. Intermediate goods increased by 14.1 per cent from (-) 10.7 per cent.

Crude oil output contracted by 1.8 per cent during the month under review. Fertiliser segment recorded a growth of 2 per cent in June. During April-June period this fiscal, the eight sectors grew by 25.3 per cent against a contraction of 23.8 per cent in the same period last year.

The indices for primary goods stood at 126.7; 82.4 for capital goods. The indices for consumer durables and consumer non-durables stood at 112.4 and 142.3, respectively. The indices for March 2021 have also undergone the first revision.

The consumer price index (CPI) based on retail inflation stood at 5.03 percent in February. The rate of price rise in the food basket accelerated to 4.94 percent in March, as against 3.87 percent in the preceding month, as per data released by the National Statistical Office (NSO). Earlier this month, the Reserve Bank of India had projected the retail inflation at 5 percent in the January-March quarter of 2020-21 and 5.2 percent in the first two-quarters of the current fiscal.

Final growth rate of Index of Eight Core Industries for April 2020 is revised at -37.9%. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the IIP. Barring fertiliser, all seven sectors recorded negative growth in July.

Barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in June. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). Final growth rate of Index of Eight Core Industries for March 2020 is revised at -8.6 %.

Final growth rate of Index of Eight Core Industries for February 2020 is revised at 6.4%.

Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018.

In terms of industries, eight out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of June 2019 as compared to the corresponding month of the previous year.