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Quick Estimates Of Index Of Industrial Production (IIP) For December, 2017

Feb 12, 2018: Ministry of Statistics & Programme Implementation has released on 12th February, 2018 the Quick estimates of Index of Industrial Production and use-based Index for the month of December, 2017 (Base 2011-12=100).
1. The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of December 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 December 2017 stands at 130.3, which is 7.1 percent higher as compared to the level in the month of December 2016. The cumulative growth for the period April-December 2017 over the corresponding period of the previous year stands at 3.7 percent.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2017standat115.5, 131.6 and 143.9 respectively, with the corresponding growth rates of 1.2 percent, 8.4 percent and 4.4 percent as compared to December 2016 (Statement I). The cumulative growth in these three sectors during April-December 2017 over the corresponding period of 2016 has been 2.8 percent, 3.8 percent and 5.1 percent respectively.

4.In terms of industries, sixteen 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 December 2017 as compared to the corresponding month of the previous year (Statement II).The industry group ‘Manufacture of other transport equipment’ has shown the highest positive growth of 38.3 percent followed by 33.6 percent in ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ and 29.8 percent in ‘Manufacture of computer, electronic and optical products’. On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest negative growth of (-) 28.2 percent followed by (-) 22.3 percent in ‘Othermanufacturing’ and (-) 14.9 percent in ‘Manufacture of electrical equipment’.

5. Asper Use-based classification, the growth rates in December 2017over December 2016 are 3.7 percent in Primarygoods, 16.4 percent in Capital goods, 6.2 percent in Intermediate goods and 6.7 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 0.9percent and 16.5 percent respectively.

6. Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Bodies of trucks, lorries and trailers’ (254.1%), ‘API & formulations of hypo-lipidemic agents incl. anti-hyper-triglyceridemics (e.g. simvastatin, atorvastatin, etc); anti-hypertensive’ (250.4%), ‘Ship building and parts thereof’ (144.1%),‘Digestive enzymes and antacids (incl. PPI drugs)’ (88.4%), ‘Meters (electric and non-electric)’ (77.1%),‘Separators including decanter centrifuge’ (67.8%), ‘Axle’ (48.7%), ‘Commercial Vehicles’ (40.6%), ‘Two-wheelers (motorcycles/ scooters)’ (36.0%) and ‘Cement- all types’ (20.4%).

7.Some important item groups that have registered high negative growth include ‘Electric heaters’ [(-) 91.8%], ‘Jewellery of gold (studded with stones or not)’ [(-) 72.1%], ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 63.2%], ‘Other tobacco products’ [(-) 50.0%], ‘Plastic jars, bottles and containers’ [(-)38.1%],‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 35.6%], ‘Medical/ surgical accessories’ [(-) 34.3%], Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 28.3%], ‘Material handling, lifting and hoisting equipment’ [(-) 27.7%], ‘Paper of all kinds excluding newsprint’ [(-) 26.8%], ‘Telephones and mobile instruments’ [(-) 25.7%] and ‘Readymade Garments, knitted’ [(-) 22.5%].

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:
India - Index of Industrial Production (IIP)

9. Along with the Quick Estimates of IIP for the month of December 2017, the indices for November 2017 have undergone the first revision and those for September 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 December 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed.

The following Statements are available at the mospi website:

Statement I: Index of Industrial Production - Sectoral
Statement II: Index of Industrial Production - (2-Digit Level)
Statement III: Index of Industrial Production - Use-based