Press Information Bureau

Government of India

Ministry of Statistics & Programme Implementation

11-January-2013 11:4 IST

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 November 2012 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 November 2012 over the corresponding month of the previous year is (-) 0.1%. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are (-) 5.5%, 0.3% and 2.4% respectively. The Minister further added that as per “use-based” classification there have been positive growths in basic goods (1.7%), consumer durables (1.9%) and consumer non-durables (0.3%), whereas negative growths have been registered in capital goods [(-) 7.7%] and intermediate goods [(-) 1.1%].

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AD/DB

Index of Industrial Production shows marginal year on year decline with sectoral divergence: mining weak, manufacturing mixed. Monthly quick estimates of the Index of Industrial Production for November 2012 show a year on year decline of 0.1 per cent, with sectoral growth rates of Mining ( 5.5%), Manufacturing (0.3%) and Electricity (2.4%). Use based classification records positive growth in Basic Goods (1.7%), Consumer Durables (1.9%) and Consumer Non Durables (0.3%), and negative growth in Capital Goods ( 7.7%) and Intermediate Goods ( 1.1%).