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October 2017 IIP 2.2 percent up

By Niranjan Mudholkar,

Added 13 December 2017

The cumulative growth for the period April-October 2017 over the corresponding period of the previous year stands at 2.5 percent.

As per Use-based classification, the growth rates in October 2017 over October 2016 are 2.5 percent in Primary goods, 6.8 percent in Capital goods, 0.2 percent in Intermediate goods and 5.2 percent in Infrastructure/ Construction Goods.  The Consumer durables and Consumer non-durables have recorded growth of (-) 6.9 percent and 7.7 percent respectively.

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' (199.0%), ‘Meters (electric and non-electric)' (64.2%), ‘Separators including decanter centrifuge' (60.6%), ‘Digestive enzymes and antacids (incl. PPI drugs)' (53.9%),  ‘Bars and Rods of Alloy and Stainless Steel' (52.0%), ‘Flat products of Stainless Steel' (50.9%), ‘Axle' (50.3%), ‘Full-cream/ Toned/ Skimmed milk, whether or not chilled' (21.5%) and ‘Tea' (20.1%).

Some important item groups that have registered high negative growth include ‘Jewellery of gold (studded with stones or not)' [(-) 76.9%], ‘Plastic jars, bottles and containers' [(-) 52.1%], ‘Electric heaters' [(-) 39.9%], ‘Bags/ pouches of HDPE/ LDPE (plastic)' [(-)38.2%], ‘Other tobacco products' [(-) 38.1%], ‘Printing Machinery' [(-) 37.5%], ‘Tooth Paste' [(-) 32.4%], ‘Electrical apparatus for switching or protecting electrical circuits (e.g switchgear, circuit breakers/switches, control/ meter panel)' [(-) 31.6%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings' [(-) 30.9%], ‘Palm Oil refined (including Palmolein)' [(-) 28.6%], ‘T. V. set' [(-) 25.5%] and ‘Copper bars, rods & wire rods' [(-) 23.4%].

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

END

 

Note: -

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

2.      Release of the index for November 2017 will be on Friday, 12 January 2018.

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