IIP shrinks 0.5% in March

India Infoline News Service | Mumbai |

The cumulative growth for the period April-March 2013-14 over the corresponding period of the previous year stands at (-) 0.1%.

Index of Industrial Production (IIP) for the month of March 2014 stands at 193.2, which is 0.5% lower as compared to the level in the month of March 2013. The cumulative growth for the period April-March 2013-14 over the corresponding period of the previous year stands at (-) 0.1%.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2014 stand at 145.8, 204.8 and 173.0 respectively, with the corresponding growth rates of (-) 0.4%, (-) 1.2% and 5.4% as compared to March 2013 (Statement I). The cumulative growth in the three sectors during April-March 2013-14 over the corresponding period of 2012-13 has been (-) 0.8%, (-) 0.8% and 6.1% respectively.

In terms of industries, twelve (12) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec tor have shown negative growth during the month of March 2014 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 33.1%, followed by (-) 26.1% in ‘Office, accounting and computing machinery’ and (-) 21.5% in ‘Medical, precision & optical instruments, watches and clocks’. On the other hand, the industry group ‘Wearing apparel; dressing and dyeing of fur’ has shown the highest positive growth of 26.0%, followed by 9.2% in ‘Basic metals’ and 6.2% in ‘Food products and beverages’.

As per Use-based classification, the growth rates in March 2014 over March 2013 are 4.0% in Basic goods, (-) 12.5% in Capital goods and 0.6% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 11.8% and 7.2% respectively, with the overall growth in Consumer goods being (-) 0.9%.
 
Some of the important items showing high negative growth are: ‘Aluminium Conductor’ [(-) 61.4%], ‘Sacking’ [(-) 42.4%], ‘Woollen Carpets [(-) 40.0%], ‘Boilers’ [(-) 37.8%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’  [(-) 36.9%],  ‘Ship Building and Repairs’ [(-) 31.0%], ‘Computers’ [(-) 30.2%], ‘Earth Moving Machinery’ [(-) 27.6%], ‘Commercial Vehicles’ [(-) 24.0%] and ‘Generator/ Alternator’ [(-) 21.1%].

Some of the other important items showing high positive growth during the current month over the same month in previous year include ‘Leather Garments’ (146.4%), ‘Heat Exchangers’ (87.1%), ‘Sugar Machinery’ (79.2%), ‘Stainless/ alloy Steel’ (55.6%), ‘Lubricating Oil’ (45.5%), ‘Vitamins’ (29.8%),  ‘Scooter and Mopeds’ (28.7%) and ‘Plates’ (27.6%).


 

 

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