IIP for the month of April, 2018@4.9%(Y-o-Y)


The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of April 2018 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 2018 stands at 123.0, which is 4.9 percent higher as compared to the level in the month of April 2017. The cumulative growth for the period April-March 2017-18 over the corresponding period of the previous year stands at 4.3 percent. 3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2018 stand at 103.8, 123.4 and 153.7 respectively, with the corresponding growth rates of 5.1 percent, 5.2 percent and 2.1 percent as compared to April 2017 (Statement I). The cumulative growth in these three sectors during April-March 2017-18 over the corresponding period of 2016-17 has been 2.3 percent, 4.5 percent and 5.4 percent respectively. 4. In terms of industries, sixteen out of the twenty three industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of April 2018 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Manufacture of computer, electronic and optical products’ has shown the highest positive growth of 27.5 percent followed by 21.9 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and 15.7 percent in ‘Manufacture of food products’. On the other hand, the industry group ‘Other manufacturing’ has shown the highest negative growth of (-) 30.7 percent followed by (-) 13.4 percent in ‘Manufacture of wearing apparel’ and (-) 10.3 percent in ‘Printing and reproduction of recorded media’. 

As per Use-based classification, the growth rates in April 2018 over April 2017 are 3.1 percent in Primary goods, 13.0 percent in Capital goods, 1.6 percent in Intermediate goods and 7.5 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 4.3 percent and 7.0 percent respectively. 6. Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Sugar’ (156.5%), ‘Construction machine/ equipment (incl. bull-dozers and road rollers)’ (110.4%), ‘Stainless steel utensils’ (101.7%), ‘Commercial Vehicles’ (94.3%), ‘Printed Circuit Boards (whether or not mounted with IC chips /components)’ (69.3%), ‘Steroids and hormonal preparations (including anti-fungal preparations)’ (45.8%), ‘Transformers (Small)’ (45.1%) and ‘Polymers (incl. Polyethylene, PVC, Poly propylene)’ (26.2%). 7. Some important item groups that have registered high negative growth include ‘Jewellery of gold (studded with stones or not)’ [(-) 75.1%], ‘Antimalarial drugs’ [(-) 65.9%], ‘Air filters’ [(-) 52.2%], ‘Copper bars, rods & wire rods’ [(-) 40.9%], ‘Telephones and mobile instruments’ [(-) 38.4%], ‘Paper of all kinds excluding newsprint’ [(-) 37.8%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 37.6%], ‘Copper electrodes’ [(-) 34.1%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 30.0%], ‘Separators including decanter centrifuge’ [(-)25.8%], ‘Pesticides-technical grade’ [(-) 24.9%] and ‘Readymade Garments, knitted’ [(-) 20.6%]. 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: Item Group Weights (%) Contribution to IIP Growth High Positive Contributors Mining 14.37 0.6126 Scientific instruments/ apparatus for drawing, calculating and measurement 0.04 0.5126 Commercial Vehicles 0.94 0.4686 Sugar 0.76 0.4088 Cement- all types 2.16 0.3836 High Negative Contributors Jewellery of gold (studded with stones or not) 0.44 -0.4452 Copper bars, rods & wire rods 0.64 -0.2672 Telephones and mobile instruments 0.19 -0.1641 Readymade Garments, knitted 0.23 -0.1363 Air filters 0.19 -0.1345 9.
(Source: the Central Statistics Office of the Ministry of Statistics and Programme Implementation.)
IIP for the month of March, 2018@4.4%(Y-o-Y) 
((फाइनेंस का फंडा: क्या है IIP 

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