Index of Industrial Production News

The Quick Estimates for July 2024 show that the IIP stands at 149.6, up from 142.7 in July 2023, reflecting a year-on-year improvement. 

The Indian economy is recognized as a positive standout on the global stage, demonstrating robust performance in the initial half of FY24, marked by a significant 7.8 percent year-on-year growth in GDP during Q1FY24.

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

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 worst performance was witnessed by the capital goods sector, which recorded a contraction of 9.6% during the month under review, compared to a 4.4% decline a year ago A contraction of 3.7% was registered in the mining sector in January, against a positive growth of 4.4% in the year-ago period

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%.

According to the figure released by the government, the index of eight core industries, which comprises output of coal, crude oil, cement and electricity among others, recorded a decline of 5.2 per cent in September year-on-year.

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

Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 6.2 percent in January 2018.

The output growth in manufacturing sector, which constitutes 77.63 per cent of the index, however decelerated to 3.1 per cent in August from 5.5 per cent a year ago.

Cumulatively, the eight core sectors in April-August recorded a growth rate of 3 per cent as against 5.4 per cent in the same period a year ago.