Quick Estimates of Index of Industrial Production and Use-Based …

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of July 2017 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 July 2017 stands at 118.2, which is 1.2 percent higher
as compared to the level in the month of July 2016. The cumulative growth for
the period April-July 2017 over the corresponding period of the previous year
stands at 1.7 percent.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2017 stand at 92.6, 119.5 and 151.8 respectively, with
the corresponding growth rates of 4.8 percent, 0.1 percent and 6.5 percent as
compared to July 2016 (Statement I). The cumulative growth in these three
sectors during April-July 2017 over the corresponding period of 2016 has been 2.1
percent, 1.3 percent and 5.6 percent respectively.

4. In terms of industries, eight 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 July 2017 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Other
manufacturing’ has shown the highest positive growth of 20.9 percent followed
by 18.9 percent in ‘Manufacture of Pharmaceuticals, medicinal chemical and
botanical products’ and 10.5 percent in ‘Manufacture of other transport
equipment’. On the other hand, the industry group ‘Manufacture of tobacco
products’ has shown the highest negative growth of (-) 43.4 percent followed by
(-) 11.1 percent in ‘Manufacture of electrical equipment’ and (-) 8.8 percent
in ‘Printing and reproduction of recorded media’.

5. As per Use-based classification, the growth rates in July 2017 over July 2016 are 2.3 percent in Primary goods, (-) 1.0 percent in Capital goods, (-) 1.8 percent in Intermediate goods and 3.7 percent in Infrastructure/
Construction Goods (Statement III).  The Consumer durables and Consumer
non-durables have recorded growth of (-) 1.3 percent and 3.4 percent
respectively.

6. Some important items
showing high positive growth during the current month over the same month in
previous year include ‘Steroids and hormonal preparations (including
anti-fungal preparations)’ (89.4%), ‘Digestive enzymes and antacids (incl. PPI
drugs)’ (54.5%), ‘API & formulations of hypo-lipidemic agents incl.
anti-hyper-triglyceridemics (e.g. simvastatin, atorvastatin, etc);
anti-hypertensive’ (43.1%), ‘Vaccine for veterinary Medicine’ (42.5%), ‘Printed
Circuit Boards (whether or not mounted with IC chips /components)’ (37.7%), ‘HR
plates of mild steel’ (31.3%), ‘Axle’ (30.3%), ‘Jewellery of gold (studded with
stones or not)’ (27.8%), ‘HR coils and sheets of mild steel’ (23.2%),  and  ‘Full-cream/
Toned/ Skimmed milk, whether or not chilled’ (20.5%).

7. Some important items that
have registered high negative growth include ‘Other tobacco products’ [(-)
69.9%], ‘Shelled cashew kernel, whether or not processed/ roasted/ salted’ [(-)
61.5%], ‘Kerosene’ [(-) 51.5%], ‘Plastic jars, bottles and containers’ [(-)
50.5%], ‘Printing machinery’ [(-) 48.9%], ‘Ayurvedic and Homeopathic
medicaments’ [(-) 35.7%],  ‘Tooth Paste’ [(-) 32.0%], ‘Electrical apparatus for
switching or protecting electrical circuits (e.g switchgear, circuit
breakers/switches, control/ meter panel)’ [(-) 30.5%], ‘Antibiotics,
API & formulations’ [(-) 27.6%], ‘Palm Oil refined (including Palmolein)’
[(-) 26.5%] and ‘API & formulations of vitamins’ [(-) 22.1%].

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:

9.
Along with the Quick Estimates of IIP for the month of July 2017, the indices for June 2017 have undergone the first revision and those for April 2017 have undergone the final revision in the light of the updated data received from the source agencies.

10.
Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification for the month of July 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

Note: –

1.     
This Press release information is also available at the Website of the Ministry – http://www.mospi.nic.in

2.     
Release of the index for August 2017 will be on Thursday, 12 October 2017.

3.     
Press release in Hindi follows and shall be
available at:

http:// mospi.nic.in/hi