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The details of the growth rate of the manufacturing sector and industry subgroups viz, textiles, wearing apparel, rubber, plastic products, electrical machinery apparatus and furniture,during the last three years,along with their weights (relative contribution), as per the Index of Industrial Production (IIP), are given in the Table below.
Table: Growth Rate and Weights of Industry Groups at NIC2-digit.
NIC 2-digit industry /Sectors | Industry descriptions | Weights (per thousand) | Annual Growth Rates of IIP (%) | ||
2010-11 | 2011-12 | 2012-13 | |||
17 | Textiles | 61.64 | 6.7 | -1.3 | 5.9 |
18 | Wearing apparel; dressing and dyeing of fur | 27.82 | 3.7 | -8.5 | 10.4 |
25 | Rubber and plastics products | 20.25 | 10.6 | -0.3 | 0.2 |
29 | Machinery and equipment n.e.c. | 37.63 | 29.4 | -5.8 | -4.7 |
31 | Electrical machinery&apparatusn.e.c. | 19.8 | 2.8 | -22.2 | 0.6 |
36 | Furniture; manufacturing n.e.c. | 29.97 | -7.5 | -1.8 | -5.1 |
Manufacturing | 755.27 | 9.0 | 3.0 | 1.3 | |
General (IIP) | 1000 | 8.2 | 2.9 | 1.1 | |
Source: Central Statistics Office.
Industrial / manufacturing production is adversely affected by a number of demand and supply factors including devaluation of rupee, inflation, rising input cost, decline in external demand, and global economic slowdown etc.
The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in a written reply in Lok Sabha today.
Manufacturing sector growth: government release links divergent subgroup performance to macroeconomic and external demand pressures. The release presents IIP growth rates and weights for manufacturing and specified NIC two digit industry subgroups over three years, showing divergent subgroup performance and aggregate manufacturing trends reported by the Central Statistics Office. It attributes adverse effects on industrial production to demand and supply factors-currency devaluation, inflation, rising input costs, declining external demand and global slowdown-and records this information as provided by the Minister of State in a parliamentary written reply.Press 'Enter' after typing page number.