India's Industrial Production rises to 11.9% in August this year

Cumulatively, between April - August 2021, the factory output stands at 28.6% against a decline of 25% in the corresponding period of the previous year.

Oct 13, 2021 08:10 IST India Infoline News Service

The Index of Industrial Production (IIP) rises to 11.9% in August 2021 on low base effect, compared to a contraction of 7.1% witnessed in the same month a year ago. The quick estimates of the index with base 2011-12 stood at 131.1 in August this year.

Cumulatively, between April - August 2021, the factory output stands at 28.6% against a decline of 25% in the corresponding period of the previous year.

As per the Ministry of Statistics & Programme Implementation data, the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for August 2021 stand at 103.8, 130.2 and 188.7 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 127.3 for Primary Goods, 91.0 for Capital Goods, 142.7 for Intermediate Goods and 145.2 for Infrastructure/ Construction Goods for August 2021.  Further, the indices for Consumer durables and Consumer non-durables stand at 118.3 and 147.3 respectively for August 2021.

Notably,  the Quick Estimates for August 2021, the first revision for July 2021 and the final revision for May 2021 have been compiled at weighted response rates of 90 per cent, 93 per cent and 94 per cent respectively.

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