National News

India’s IIP Grows By 5.8 Per Cent In September 2023

By iednewsdesk

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.

For the month of September 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 141.6. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2023 stand at 111.5, 140.6 and 205.9 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 138.8 for Primary Goods, 111.6 for Capital Goods, 153.8 for Intermediate Goods and 168.7 for Infrastructure/ Construction Goods for the month of September 2023. Further, the indices for Consumer durables and Consumer non-durables stand at 125.0 and 142.6 respectively for the month of September 2023.

Details of Quick Estimates of the Index of Industrial Production for the month of September 2023 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.

Along with the Quick Estimates of IIP for the month of September 2023, the indices for August 2023 have undergone the first revision and those for June 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for September 2023, the first revision for August 2023 and the final revision for June 2023 have been compiled at weighted response rates of 91 percent, 95 percent and 95 percent respectively.

Release of the Index for October 2023 will be on Tuesday, 12th December 2023.

Note: –

  1. This Press release information is also available at the Website of the Ministry –http://www.mospi.gov.in
  2. Press release in Hindi follows and shall be available at: https://www.mospi.gov.in/hi

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base: 2011-12=100)
Month Mining Manufacturing Electricity General
(14.372472) (77.63321) (7.994318) (100)
2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24
Apr 116.6 122.6 131.6 138.8 194.5 192.3 134.5 140.7
May 120.4 128.1 134.6 143.1 199.9 201.6 137.8 145.6
Jun 113.7 122.3 136.8 141.6 196.9 205.2 138.3 143.9
Jul 101.1 111.9 135.0 141.8 188.9 204.0 134.4 142.5
Aug 99.6 111.9 131.3 143.5 191.3 220.5 131.5 145.1
Sep* 100.0 111.5 134.6 140.6 187.4 205.9 133.8 141.6
Oct 112.6 128.5 169.3 129.5
Nov 122.7 137.5 166.7 137.7
Dec 132.6 144.9 179.4 145.9
Jan 136.1 145.5 186.6 147.4
Feb 129.2 137.6 174.0 139.3
Mar 154.2 147.5 188.0 151.7
Average
 
Apr-Sep 108.6 118.1 134.0 141.6 193.2 204.9 135.1 143.2
 
Growth over the corresponding period of previous year#
 
Sep* 5.2 11.5 2.0 4.5 11.6 9.9 3.3 5.8
 
Apr-Sep 4.3 8.7 6.9 5.7 10.8 6.1 7.1 6.0
             

 
* Figures for Sep’23 are Quick Estimates.
NOTE: Indices for the months of Jun’23 and Aug’23 incorporate updated production data.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

             STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)  
(Base: 2011-12=100)  
Industry

code

 Description Weight Index Cumulative Index Percentage growth #
    Sep’22 Sep’23* Apr-Sep* Sep’23* Apr-Sep*
          2022-23 2023-24   2023-24
10 Manufacture of food products 5.3025 115.6 115.1 119.9 122.3 -0.4 2.0
11 Manufacture of beverages 1.0354 95.3 105.0 108.8 112.2 10.2 3.1
12 Manufacture of tobacco products 0.7985 94.6 90.2 88.2 81.4 -4.7 -7.7
13 Manufacture of textiles 3.2913 103.9 107.7 108.3 107.3 3.7 -0.9
14 Manufacture of wearing apparel 1.3225 125.2 102.8 134.4 104.9 -17.9 -21.9
15 Manufacture of leather and related products 0.5021 92.3 92.3 97.1 97.1 0.0 0.0
16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 103.6 107.1 107.9 98.4 3.4 -8.8
17 Manufacture of paper and paper products 0.8724 81.6 78.9 84.1 80.4 -3.3 -4.4
18 Printing and reproduction of recorded media 0.6798 90.9 87.4 91.4 88.8 -3.9 -2.8
19 Manufacture of coke and refined petroleum products 11.7749 119.2 122.3 126.7 131.1 2.6 3.5
20 Manufacture of chemicals and chemical products 7.8730 131.2 123.9 132.1 128.3 -5.6 -2.9
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 205.0 218.9 201.9 229.8 6.8 13.8
22 Manufacture of rubber and plastics products 2.4222 105.0 106.6 105.0 107.8 1.5 2.7
23 Manufacture of other non-metallic mineral products 4.0853 126.8 132.8 131.9 142.5 4.7 8.0
24 Manufacture of basic metals 12.8043 185.7 209.0 182.6 206.9 12.5 13.3
25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 87.9 95.5 84.5 88.9 8.6 5.2
26 Manufacture of computer, electronic and optical products 1.5704 163.8 149.3 146.7 124.6 -8.9 -15.1
27 Manufacture of electrical equipment 2.9983 100.0 106.3 95.8 105.7 6.3 10.3
28 Manufacture of machinery and equipment n.e.c. 4.7653 121.0 126.8 111.3 120.2 4.8 8.0
29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 117.7 130.9 114.4 125.1 11.2 9.4
30 Manufacture of other transport equipment 1.7763 155.0 166.0 130.5 137.8 7.1 5.6
31 Manufacture of furniture 0.1311 226.9 181.1 216.1 176.7 -20.2 -18.2
32 Other manufacturing 0.9415 111.2 96.2 94.7 90.0 -13.5 -5.0
               
05 Mining 14.3725 100.0 111.5 108.6 118.1 11.5 8.7
10-32 Manufacturing 77.6332 134.6 140.6 134.0 141.6 4.5 5.7
35 Electricity 7.9943 187.4 205.9 193.2 204.9 9.9 6.1
               
  General Index 100.00 133.8 141.6 135.1 143.2 5.8 6.0
* Figures for Sep’23 are Quick Estimates.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020
 

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)  
  2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24 2022-23 2023-24  
Apr 139.5 142.2 88.5 92.4 149.5 152.0 149.7 169.8 110.7 108.1 138.9 154.7  
May 144.7 149.9 94.9 102.6 151.7 156.9 153.3 173.2 113.9 115.6 137.5 149.8  
Jun 139.3 146.7 104.4 107.4 146.6 154.2 150.8 170.9 125.3 116.8 145.9 146.7  
Jul 131.7 141.7 97.1 101.5 149.0 152.6 151.3 170.1 121.4 118.2 141.7 152.9  
Aug 129.4 145.4 95.0 107.4 146.6 156.5 152.8 173.5 116.2 122.9 134.9 147.8  
Sep* 128.5 138.8 103.9 111.6 145.3 153.8 156.9 168.7 123.8 125.0 138.9 142.6  
Oct 131.2 87.2 143.8 156.2 106.1 130.3  
Nov 132.6 99.1 146.3 161.7 111.9 162.7  
Dec 145.0 100.1 154.1 170.9 108.8 174.4  
Jan 149.9 104.9 155.6 176.9 108.8 164.4  
Feb 139.9 104.9 145.1 165.7 108.3 154.8  
Mar 158.3 123.0 159.4 181.7 118.6 147.5  
Average  
   
Apr-Sep 135.5 144.1 97.3 103.8 148.1 154.3 152.5 171.0 118.6 117.8 139.6 149.1  
   
Growth over the corresponding period of previous year#  
   
Sep* 9.5 8.0 11.4 7.4 1.7 5.8 8.2 7.5 -5.5 1.0 -5.7 2.7  
   
Apr-Sep 9.2 6.3 16.9 6.7 6.7 4.2 7.8 12.1 10.1 -0.7 -2.5 6.8  
   
* Figures for Sep’23 are Quick Estimates.  
NOTE: Indices for the months of Jun’23 and Aug’23 incorporate updated production data.  
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020  

 

 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Ind

code

 Description Weight Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23
10 Manufacture of food products 5.3025 115.3 147.0 155.5 158.0 146.8 147.2 137.8 123.2 113.6 120.8 123.3 115.1
11 Manufacture of beverages 1.0354 89.9 92.9 98.1 104.3 104.4 123.5 109.2 124.1 125.0 106.2 103.4 105.0
12 Manufacture of tobacco products 0.7985 81.7 93.3 90.6 92.4 77.9 95.5 67.1 83.7 93.8 72.4 81.4 90.2
13 Manufacture of textiles 3.2913 102.3 107.7 110.7 107.9 102.0 110.2 105.6 107.4 107.8 108.4 106.9 107.7
14 Manufacture of wearing apparel 1.3225 103.7 117.0 125.6 120.1 129.1 133.1 92.1 112.2 120.1 104.4 97.6 102.8
15 Manufacture of leather and related products 0.5021 76.9 94.3 98.4 99.4 94.9 106.2 97.7 101.1 103.4 95.7 92.3 92.3
16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 94.9 103.9 111.4 93.2 95.1 108.1 89.4 98.7 98.0 98.4 98.6 107.1
17 Manufacture of paper and paper products 0.8724 79.5 77.7 84.5 84.3 75.1 83.1 79.8 77.9 81.3 82.2 82.4 78.9
18 Printing and reproduction of recorded media 0.6798 84.2 90.0 100.0 88.5 84.3 91.7 88.6 88.7 88.7 88.1 91.2 87.4
19 Manufacture of coke and refined petroleum products 11.7749 122.7 116.6 132.3 137.6 126.0 141.1 129.1 138.0 133.5 131.7 131.7 122.3
20 Manufacture of chemicals and chemical products 7.8730 122.1 124.6 129.5 130.2 122.8 130.1 126.6 133.8 130.5 128.1 126.8 123.9
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 188.1 250.5 276.3 243.9 229.3 194.7 237.0 227.9 225.3 244.4 225.0 218.9
22 Manufacture of rubber and plastics products 2.4222 101.3 103.3 105.4 105.3 98.8 110.2 106.3 112.7 106.5 106.3 108.2 106.6
23 Manufacture of other non-metallic mineral products 4.0853 124.5 131.7 142.8 143.2 136.8 152.8 146.7 148.4 149.5 135.0 142.8 132.8
24 Manufacture of basic metals 12.8043 192.2 192.7 201.9 210.8 195.4 214.0 201.9 206.3 203.4 207.7 213.1 209.0
25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 77.8 86.3 92.3 81.4 83.7 95.4 76.4 87.1 86.7 88.3 99.2 95.5
26 Manufacture of computer, electronic and optical products 1.5704 132.8 127.0 117.7 130.7 123.8 134.1 111.5 115.1 121.9 118.2 131.5 149.3
27 Manufacture of electrical equipment 2.9983 84.1 107.5 109.1 105.4 101.6 108.7 106.6 106.6 103.5 102.7 108.3 106.3
28 Manufacture of machinery and equipment n.e.c. 4.7653 98.2 110.5 115.5 113.0 115.5 141.3 107.7 116.2 123.7 120.4 126.6 126.8
29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 108.8 113.9 107.4 118.2 116.8 122.4 112.9 126.1 123.6 128.7 128.5 130.9
30 Manufacture of other transport equipment 1.7763 127.5 131.6 106.0 119.3 117.2 139.2 119.5 131.2 140.6 123.5 145.9 166.0
31 Manufacture of furniture 0.1311 189.2 207.6 198.4 173.0 173.3 210.9 144.7 179.9 183.0 189.5 182.0 181.1
32 Other manufacturing 0.9415 79.4 77.5 93.5 82.1 81.6 108.5 87.8 79.2 85.6 96.6 94.7 96.2
                           
5 Mining 14.3725 112.6 122.7 132.6 136.1 129.2 154.2 122.6 128.1 122.3 111.9 111.9 111.5
10-32 Manufacturing 77.6332 128.5 137.5 144.9 145.5 137.6 147.5 138.8 143.1 141.6 141.8 143.5 140.6
35 Electricity 7.9943 169.3 166.7 179.4 186.6 174.0 188.0 192.3 201.6 205.2 204.0 220.5 205.9
                           
  General Index 100.0 129.5 137.7 145.9 147.4 139.3 151.7 140.7 145.6 143.9 142.5 145.1 141.6
Note: The figures for Jul’23, Aug’23 and Sep’23 are provisional

The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

iednewsdesk 75859 posts 0 comments
You might also like More from author