Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics & Programme Implementation announced the release of the monthly Quick Estimates of Index of Industrial Production (IIP) for the month of April 2013 compiled by the Central Statistics Office. The index is a composite indicator that measures the short term changes in the volume of industrial production. According to the index, the industrial growth for the month of April 2013 over the corresponding month of the previous year is 2.0%. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are (-) 3.0%, 2.8% and 0.7% respectively. The Minister further added that as per “use-based” classification there has been positive growth in basic goods [1.3%], capital goods (1.0%), intermediate goods [2.4%] and consumer non-durables (12.3%) whereas negative growth has been registered in consumer durables [(-) 8.3%].

DS/DB

(Release ID :96533)

Index of Industrial Production shows modest year on year growth with mixed sectoral and use based performance. The release reports the monthly Quick Estimates of the Index of Industrial Production for April 2013, a composite indicator measuring short term changes in industrial production, with disaggregated performance for Mining, Manufacturing, and Electricity and a use based breakdown showing expansion in Basic, Capital, Intermediate and Consumer Non Durables and contraction in Consumer Durables.