The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of March 2019stands at 140.2, which is 0.1% lower as compared to the level in the month of March 2018. The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stands at 3.6%, as per Ministry of Statistics data.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2019 stand at 132.6, 139.6 and 160.1 respectively, with the corresponding growth rates of 0.8%, (-) 0.4% and 2.2% as compared to March 2018.
The cumulative growth in these three sectors during April-March 2018-19 over the corresponding period of 2017-18 has been 2.9%, 3.5% and 5.2% respectively.
The industry group ‘Manufacture of furniture’ ‘has shown the highest negative growth of (-) 24.6% followed by (-) 18.5% in ‘Manufacture of other transport equipment’ and (-) 15.3 in ‘Manufacture of fabricated metal products, except machinery and equipment’.
On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest positive growth of 13.5% followed by 10.6% in ‘Manufacture of computer, electronic and optical products’ and 9.3% in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’.
As per Use-based classification, the growth rates in March 2019 over March 2018 are 2.5% in Primary goods, (-) 8.7% in Capital goods, (-) 2.5% in Intermediate goods and 6.4% in Infrastructure/ Construction Goods.
The Consumer durables and Consumer non-durables have recorded growth of (-) 5.1% and 0.3% respectively.