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India's Index of Industrial Production recorded growth of 3.1% in September 2024

November 13, 2024

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QUICK ESTIMATE OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF SEPTEMBER 2024 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

2.  Key Highlights:

  1.  The IIP growth rate for the month of September 2024 is 3.1 percent which was (-) 0.1 percent in the month of August 2024.
  2.  The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of September 2024 are 0.2 percent, 3.9 percent and 0.5 percent respectively.
  3.  The Quick Estimates of IIP stands at 146.7 against 142.3 in September 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2024 stand at 111.7, 147.0 and 206.9 respectively.
  4.  Within the manufacturing sector, top three positive contributors for the month of September 2024 are – “Manufacture of coke and refined petroleum products” (5.3%), “Manufacture of basic metals” (2.5%), and “Manufacture of electrical equipment” (18.7%).
  5.  As per the use base classification, the indices stand at 141.3 for Primary Goods, 115.8 for Capital Goods, 160.7 for Intermediate Goods and 178.5 for Infrastructure/ Construction Goods for the month of September 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 133.1 and 145.5 respectively.
  6.  The corresponding growth rates of IIP as per Use-based classification in September 2024 over September 2023 are 1.8 percent in Primary goods, 2.8 percent in Capital goods, 4.2 percent in Intermediate goods, 3.3 percent in Infrastructure/ Construction Goods, 6.5 percent in Consumer durables and 2.0 percent in Consumer non-durables (Statement III).  Based on use-based classification, top three positive contributors to the growth of IIP for the month of September 2024 are –Intermediate goods, Consumer durables and Primary goods.
  7.   Monthly Indices and Growth Rate (in %) of IIP for the last 13 months

3.  Along with the Quick Estimates of IIP for the month of September 2024, the indices for August 2024 have undergone the first revision and those for June 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for September 2024, the first revision for August 2024 and the final revision for June 2024 have been compiled at weighted response rates of 91 percent, 94 percent and 96 percent respectively.

4.  Details of Quick Estimates of the Index of Industrial Production for the month of September 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

5.  Release of the Index for October 2024 will be on Thursday, 12th December 2024.

Note: -

  1. This Press release (English and Hindi Version) is also available at the Ministry’s Website -http://www.mospi.gov.in.
  2. Detailed information pertaining to IIP is available at https://mospi.gov.in/iip

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base: 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

Apr

122.6

130.9

138.8

144.6

192.3

212.0

140.7

148.0

May

128.1

136.5

143.1

150.4

201.6

229.3

145.6

154.7

Jun

122.3

134.9

141.6

146.6

205.2

222.8

143.9

151.0

Jul

111.9

116.1

142.1

148.3

204.0

220.2

142.7

149.4

Aug

111.9

107.1

144.4

146.0

220.5

212.3

145.8

145.7

Sep*

111.5

111.7

141.5

147.0

205.9

206.9

142.3

146.7

Oct

127.4

 

142.1

 

203.8

 

144.9

 

Nov

131.3

 

139.3

 

176.3

 

141.1

 

Dec

139.5

 

151.6

 

181.6

 

152.3

 

Jan

144.3

 

150.8

 

197.1

 

153.6

 

Feb

139.7

 

144.4

 

187.2

 

147.1

 

Mar

156.2

 

156.2

 

204.2

 

160.0

 

Average

 

 

 

 

 

 

 

 

Apr-Sep

118.1

122.9

141.9

147.2

204.9

217.3

143.5

149.3

Growth over the corresponding period of previous year

 

 

 

Aug

12.3

-4.3

10.0

1.1

15.3

-3.7

10.9

-0.1

Sep*

11.5

0.2

5.1

3.9

9.9

0.5

6.4

3.1

Apr-Sep

8.7

4.1

5.9

3.7

6.1

6.1

6.2

4.0

* Figures for September 2024 are Quick Estimates.

NOTE: Indices for the months of Aug'24 and Jun'24 incorporate updated production data.

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

 

(Base: 2011-12=100)

 

 

Industry

Description

Weight

Index

Cumulative Index

Percentage growth

 

code

 

 

Sep'23

Sep'24*

Apr-Sep*

Sep'24*

Apr-Sep*

 

 

 

 

 

 

2023-24

2024-25

 

2024-25

 

10

Manufacture of food products

5.3025

114.6

119.6

122.5

119.3

4.4

-2.6

 

11

Manufacture of beverages

1.0354

101.6

101.5

112.1

116.5

-0.1

3.9

 

12

Manufacture of tobacco products

0.7985

89.8

91.3

81.3

80.5

1.7

-1.0

 

13

Manufacture of textiles

3.2913

108.4

109.6

107.5

107.7

1.1

0.2

 

14

Manufacture of wearing apparel

1.3225

102.4

102.5

104.8

112.8

0.1

7.6

 

15

Manufacture of leather and related products

0.5021

91.8

89.8

96.9

96.2

-2.2

-0.7

 

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

108.1

107.3

98.5

100.9

-0.7

2.4

 

17

Manufacture of paper and paper products

0.8724

78.5

81.5

80.3

80.3

3.8

0.0

 

18

Printing and reproduction of recorded media

0.6798

87.5

84.8

88.9

85.5

-3.1

-3.8

 

19

Manufacture of coke and refined petroleum products

11.7749

122.4

128.9

131.1

134.8

5.3

2.8

 

20

Manufacture of chemicals and chemical products

7.8730

123.6

129.7

128.3

131.2

4.9

2.3

 

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

220.1

223.4

230.1

228.1

1.5

-0.9

 

22

Manufacture of rubber and plastics products

2.4222

106.5

117.0

108.0

114.2

9.9

5.7

 

23

Manufacture of other non-metallic mineral products

4.0853

132.8

137.7

142.3

144.3

3.7

1.4

 

24

Manufacture of basic metals

12.8043

213.6

219.0

208.7

221.7

2.5

6.2

 

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

97.1

99.7

88.5

93.2

2.7

5.3

 

26

Manufacture of computer, electronic and optical products

1.5704

149.4

147.5

124.7

135.1

-1.3

8.3

 

27

Manufacture of electrical equipment

2.9983

108.0

128.2

106.0

126.3

18.7

19.2

 

28

Manufacture of machinery and equipment n.e.c.

4.7653

127.0

130.5

120.1

121.9

2.8

1.5

 

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

130.5

133.2

125.2

131.0

2.1

4.6

 

30

Manufacture of other transport equipment

1.7763

166.0

189.0

137.8

157.9

13.9

14.6

 

31

Manufacture of furniture

0.1311

185.1

246.0

178.8

227.5

32.9

27.2

 

32

Other manufacturing

0.9415

96.7

99.3

90.2

85.5

2.7

-5.2

 

 

 

 

 

 

 

 

 

 

 

05

Mining

14.3725

111.5

111.7

118.1

122.9

0.2

4.1

 

10-32

Manufacturing

77.6332

141.5

147.0

141.9

147.2

3.9

3.7

 

35

Electricity

7.9943

205.9

206.9

204.9

217.3

0.5

6.1

 

 

 

 

 

 

 

 

 

 

 

 

General Index

100.00

142.3

146.7

143.5

149.3

3.1

4.0
                     

* Figures for September 2024 are Quick Estimates

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED

  

(Base :2011-12=100)

 

Primary goods

Capital goods

Intermediate goods

Infrastructure/ construction goods

Consumer durables

Consumer non-durables

Month

(34.048612)

(8.223043)

(17.221487)

(12.338363)

(12.839296)

(15.329199)

 

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

2023-24

2024-25

Apr

142.2

152.2

92.4

95.0

152.0

157.8

169.8

184.2

108.1

119.5

154.7

150.9

May

149.9

160.9

102.6

105.3

156.9

162.4

173.2

186.3

115.6

130.2

149.8

154.0

Jun

146.7

156.0

107.4

111.3

154.2

159.1

170.9

184.9

116.8

127.1

146.7

145.2

Jul

141.8

150.1

102.1

114.1

153.8

163.6

170.3

178.1

117.0

126.7

153.5

146.9

Aug

145.4

141.6

107.4

107.9

157.4

162.2

176.8

180.7

123.2

129.7

148.3

141.7

Sep*

138.8

141.3

112.6

115.8

154.2

160.7

172.8

178.5

125.0

133.1

142.6

145.5

Oct

146.1

 

106.1

 

157.5

 

175.9

 

123.0

 

142.4

 

Nov

143.8

 

98.0

 

151.3

 

164.2

 

106.5

 

157.2

 

Dec

151.9

 

103.8

 

159.8

 

180.3

 

114.5

 

179.7

 

Jan

154.3

 

108.3

 

163.8

 

186.6

 

121.4

 

164.9

 

Feb

148.2

 

106.7

 

157.6

 

179.5

 

121.9

 

149.9

 

Mar

163.1

 

131.6

 

169.2

 

195.2

 

129.9

 

155.2

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

Apr-Sep

144.1

150.4

104.1

108.2

154.8

161.0

172.3

182.1

117.6

127.7

149.3

147.4

Growth over the corresponding period of previous year

 

 

 

 

 

 

 

Aug

12.4

-2.6

13.1

0.5

7.4

3.0

15.7

2.2

6.0

5.3

9.9

-4.5

Sep*

8.0

1.8

8.4

2.8

6.1

4.2

10.1

3.3

1.0

6.5

2.7

2.0

Apr-Sep

6.3

4.4

7.0

3.9

4.5

4.0

13.0

5.7

-0.8

8.6

6.9

-1.3
                           
 

 

* Figures for September 2024 are Quick Estimates.

 

NOTE: Indices for the months of Aug'24 and Jun'24 incorporate updated production data.

 

 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

 

(Base: 2011-12=100)

Industry code

Description

Weight

Sep-23

Oct-23

Nov-23

Dec-23

Jan-24

Feb-24

Mar-24

Apr-24

May-24

Jun-24

Jul-24

Aug-24

Sep-24

 

10

Manufacture of food products

5.3025

114.6

123.5

141.5

160.8

158.9

151.9

142.4

119.8

116.4

118.3

119.7

121.9

119.6

 

11

Manufacture of beverages

1.0354

101.6

99.6

100.7

101.3

112.6

120.0

124.2

123.8

136.4

125.2

111.9

100.0

101.5

 

12

Manufacture of tobacco

products

0.7985

89.8

82.7

79.8

82.7

84.6

77.3

78.3

61.1

88.1

83.2

81.2

78.1

91.3

 

13

Manufacture of textiles

3.2913

108.4

110.2

102.7

112.3

109.7

104.1

106.9

105.3

107.0

106.2

108.7

109.5

109.6

 

14

Manufacture of wearing

apparel

1.3225

102.4

97.8

92.9

113.1

117.3

125.6

143.0

105.1

123.6

122.6

111.5

111.5

102.5

 

15

Manufacture of leather

and related products

0.5021

91.8

91.1

78.8

95.9

99.9

96.8

95.9

89.3

102.6

99.2

102.1

94.3

89.8

 

16

Manufacture of wood and

products of wood and cork,

+except furniture; manufacture

of articles of straw and plaiting materials

0.1930

108.1

93.7

87.6

97.7

96.4

101.7

111.4

84.3

100.3

103.8

100.3

109.3

107.3

 

17

Manufacture of paper

and paper products

0.8724

78.5

78.5

73.3

78.1

79.1

79.2

83.0

75.6

81.0

79.8

81.8

81.9

81.5

 

18

Printing and reproduction

of recorded media

0.6798

87.5

87.0

84.1

95.5

91.3

88.8

91.6

82.1

91.9

85.3

84.7

84.0

84.8

 

19

Manufacture of coke and

refined petroleum products

11.7749

122.4

125.7

132.9

141.9

134.7

131.2

142.4

135.4

140.7

132.2

140.9

130.8

128.9

 

20

Manufacture of chemicals

and chemical products

7.8730

123.6

126.5

119.5

127.5

127.6

125.4

132.3

127.0

133.2

131.7

135.3

130.1

129.7

 

21

Manufacture of pharmaceuticals,

medicinal chemical and

botanical products

4.9810

220.1

212.8

244.3

286.3

245.6

205.6

228.0

244.4

245.0

218.8

224.5

212.7

223.4

 

22

Manufacture of rubber and plastics products

2.4222

106.5

109.0

105.1

106.9

112.8

110.3

116.3

108.9

112.4

114.5

117.0

115.4

117.0

 

23

Manufacture of other

non-metallic mineral products

4.0853

132.8

140.5

127.0

147.1

147.5

147.7

165.4

148.7

149.1

154.1

136.5

139.4

137.7

 

24

Manufacture of basic metals

12.8043

213.6

217.2

207.3

220.2

226.9

213.2

232.1

220.7

225.9

219.2

220.8

224.5

219.0

 

25

Manufacture of fabricated

metal products, except

machinery and equipment

2.6549

97.1

92.8

81.0

98.1

95.1

95.7

115.0

85.0

97.8

89.5

93.6

93.5

99.7

 

26

Manufacture of computer,

electronic and optical products

1.5704

149.4

123.1

96.7

111.6

120.8

125.8

134.7

114.2

136.5

134.8

131.0

146.7

147.5

 

27

Manufacture of electrical

equipment

2.9983

108.0

94.8

89.0

116.6

108.1

111.5

124.7

110.4

122.7

136.8

131.8

127.8

128.2

 

28

Manufacture of machinery

and equipment n.e.c.

4.7653

127.0

123.3

109.1

115.5

116.4

121.0

145.4

108.0

118.1

125.3

126.3

123.2

130.5

 

29

Manufacture of motor

vehicles, trailers and semi-trailers

4.8573

130.5

135.7

126.7

118.5

140.5

130.4

130.5

126.5

134.4

128.9

133.7

129.3

133.2

 

30

Manufacture of other

transport equipment

1.7763

166.0

157.2

144.5

137.2

149.5

145.8

175.7

140.3

153.2

153.4

155.0

156.4

189.0

 

31

Manufacture of furniture

0.1311

185.1

176.8

144.5

197.4

199.0

227.7

296.4

220.8

246.0

217.0

209.3

226.0

246.0

 

32

Other manufacturing

0.9415

96.7

103.7

65.8

70.5

76.6

76.4

90.0

96.5

72.5

74.6

83.1

86.9

99.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Mining

14.3725

111.5

127.4

131.3

139.5

144.3

139.7

156.2

130.9

136.5

134.9

116.1

107.1

111.7

 

10-32

Manufacturing

77.6332

141.5

142.1

139.3

151.6

150.8

144.4

156.2

144.6

150.4

146.6

148.3

146.0

147.0

 

35

Electricity

7.9943

205.9

203.8

176.3

181.6

197.1

187.2

204.2

212.0

229.3

222.8

220.2

212.3

206.9

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General Index

100

142.3

144.9

141.1

152.3

153.6

147.1

160.0

148.0

154.7

151.0

149.4

145.7

146.7

 

 

* Figures for September 2024 are Quick Estimates

  NOTE: Indices for the months of Aug'24 and Jun'24 incorporate updated production data.

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