March IIP at 2.1%

The cumulative growth for the period April-March 2014-15 over the corresponding period of the previous year stands at 2.8%.

May 12, 2015 11:05 IST India Infoline News Service

The IIP for the month of March 2015 stands at 197.3, which is 2.1% higher as compared to the level in the month of March 2014. The cumulative growth for the period April-March 2014-15 over the corresponding period of the previous year stands at 2.8%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2015 stand at 148.5, 209.3 and 176.4 respectively, with the corresponding growth rates of 0.9%, 2.2% and 2.0% as compared to March 2014 (Statement I). The cumulative growth in the three sectors during April-March 2014-15 over the corresponding period of 2013-14 has been 1.4%, 2.3% and 8.4% respectively.
In terms of industries, thirteen (13) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sec tor have shown positive growth during the month of March 2015 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Furniture; manufacturing n.e.c.’ has shown the highest positive growth of 34.0%, followed by 18.2% in ‘Electrical machinery and apparatus n.e.c.’ and 12.5% in ‘Wood and products of wood & cork except furniture; articles of straw & plating materials’. On the other hand, the industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 62.8%, followed by (-) 39.4% in ‘Office, accounting & computing machinery’ and   (-) 12.1% in ‘Tobacco products’.
As per Use-based classification, the growth rates in March 2015 over March 2014 are 2.3% in Basic goods, 7.6% in Capital goods and 1.9% in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 4.7% and 1.9% respectively, with the overall growth in Consumer goods being (-) 0.7%.
 Some of the important items showing high positive growth during the current month over the same month in previous year include ‘H R Sheets’ (178.4%), ‘Woollen Carpets’ (130.1%), ‘Conductor, Aluminium’ (104.7%), ‘Plastic Machinery Including Moulding Machinery’ (51.8%), ‘Gems and Jewellery’ (51.8%), ‘Air Conditioner (Room)’ (45.4%), ‘Vitamins’ (41.0%), ‘Stainless/ alloy steel’ (32.6%), ‘Ship Building & Repairs’ (28.3%), ‘Carbon Steel’ (26.2%), ‘Block Board’ (26.0%), ‘Pens all kinds’ (24.8%) and ‘Cable, Rubber Insulated’ (23.2%).
Some of the other important items showing high negative growth are: ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-)73.4%], ‘Grinding Wheels’ [(-) 45.4%], ‘Computers’ [(-) 43.3%], ‘Tractors (complete)’ [(-) 34.1%],  ‘Furnace Oil’ [(-) 25.1%],  ‘Cashew Kernels’ [(-) 21.8%] and ‘CR Sheets’ [(-) 21.4%].

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