Industrial production News

The positive momentum was largely supported by progress in the bilateral trade agreement between India and the United States, alongside easing concerns over the US-China trade dispute, both of which lifted investor sentiment. 

The growth rates of the three sectors, Mining, Manufacturing and Electricity in November 2024 were 1.9 per cent, 5.8 per cent and 4.4 per cent, respectively. 

Within the manufacturing sector, 18 out of 23 industry groups have recorded a positive growth in October over the same month of the previous year. 

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 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.

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 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 Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP As per Use-based classification, the indices stand at 114.1 for Primary Goods, 70.9 for Capital Goods, 122.9 for Intermediate Goods and 125.2 for Infrastructure/ Construction Goods for the month of July 2020 Further, the indices for Consumer durables and Consumer non-durables stand at 99.5 and 156.4 respectively for the month of July 2020

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of January 2020 stands at 137.1.

The cumulative growth in these three sectors during April-December 2019 over the corresponding period of 2018 has been 0.6 percent, 0.5 percent, and 0.8 percent respectively, the CSO data said.

Cumulative growth for the period April to February 2018-19 over the corresponding period of the previous year stands at 4 per cent

Regulator Sebi's new norms on P-notes took markets higher, but stocks could not go the whole hog in view of caution due to US Fed's testimony tomorrow, which is expected to provide timing on balancesheet trimming.

The flagship Sensex on Tuesday rallied to a fresh all-time high of 31,863 and the NSE Nifty hit off a new peak of 9,820.25 on uninterrupted foreign capital inflows coupled with earnings optimism among participants.  

CPI inflation is well within the RBI's 2-6 percent mandate and the March number makes the case for a 25 bps rate cut in August even stronger, says a Bank of America Merrill Lynch (BofAML) report.

China`s economy will remain solid in the first quarter of 2017, growing 6.8 percent from a year earlier, Goldman Sachs forecast.

With industrial production contracting to four-month low of 0.4 percent in December, India Inc on Friday said jobs may be imperiled if the trend continues.

Finance Minister Arun Jaitley on Friday said contraction in industrial production in December was on account of the fallout of demonetisation and expansion was expected in the coming months.

Industrial production contracts 0.4 percent in December 2016 as against a decline of 0.9 percent in the same month a year ago.

The factory output, as measured by the index of industrial production (IIP), had slipped to an 8-month low of (-)2.5 percent (revised) in July on account of declining output in manufacturing and capital goods sectors.