Growth figure for July 2013 scaled down to 2.6% from 2.8% earlier
Index of industrial production (IIP) declined 1.8% in October 2013, against 2.0% growth in the previous month September 2013. The decline in the output of manufacturing sector at 2.0% and mining sector at 3.5% mainly led to decline in IIP for October 2013. Meanwhile, the marginal 1.3% growth in the electricity generation restricted further dip in industrial production during October 2013.The IIP growth for the month of September 2013 has been retained unchanged at 2.0%, while the growth for the month of July 2013 has been scaled down to 2.6% from 2.8% reported at first revision. However, the final growth rate for July 2013 is similar to the provisional level of 2.6%.
In terms of industries, twelve (12) out of the twenty-two (22) industry groups in the manufacturing sector have shown positive growth during the month of October 2013, as compared to the corresponding month of the previous year.
The industry group 'Furniture; manufacturing' has shown the highest negative growth of (-) 28.9%, followed by (-) 27.2% in 'Office, accounting & computing machinery' and (-) 23.0% in 'Radio, TV and communication equipment & apparatus'.
On the other hand, the industry group 'Electrical machinery & apparatus' has shown a positive growth of 34.2% followed by 14.7% in 'Other transport equipment' and 9.3% in 'Medical, precision & optical instruments, watches and clocks'.
As per Use-based classification, the growth rates in October 2013 over October 2012 are (-) 1.6% in Basic goods, 2.3% in Capital goods and 1.8% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 12.0% and 1.8% respectively, with the overall growth in Consumer goods being (-) 5.1%.
Also Read
Some of the important items showing high negative growth during the current month over the same month in previous year include 'Sugar (including sugar cubes)' (-) 71.4%, 'Earth Moving Machinery' (-) 51.2%, 'Boilers' (-) 47.2%, 'Gems and Jewellery' (-) 39.3%, 'Aluminium Conductor' (-) 34.6%, 'Sugar Machinery' (-) 32.7%, 'Generator/ Alternator' (-) 27.0%, 'Colour T.V. Sets' (-) 25.2%, 'Kerosene' (-) 24.2%, 'Telephone Instruments (incl. Mobile Phones & Accessories)' (-) 23.5%, 'Pens of all kind' (-) 23.3% and 'Commercial Vehicles' (-) 22.6%.
Some of the other important items showing high positive growth are: 'Cable, Rubber Insulated' 143.1% , 'Air Conditioners Room' 54.7% , 'Ayurvedic Medicaments' 48.6% , 'Steel Structures' 28.8% , 'Transformers Small ' 24.6% , 'Tractors' 22.2% , 'Razor Blades/ Safety Blades' 21.5% , 'Motorcycles' 21.3% , 'Dyes' 21.0% and 'Scooters and Mopeds' 20.9%.
Powered by Capital Market - Live News