The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of January 2020 stand at 137.1, which is 2% higher as compared to the level in the month of January 2019. The cumulative growth for the period April-January 2019-20 over the corresponding period of the previous year stands at 0.5%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2020 stand at 124.3, 137.6 and 155.6 respectively, with the corresponding growth rates of 4.4%, 1.5% and 3.1% as compared to January 2019. The cumulative growth in these three sectors during April-January 2019-20 over the corresponding period of 2018-19 has been 1%, 0.3% and 0.9% respectively.
In terms of industries, eleven out of the twenty three industry groups (as per 2-digit level of National Industrial Classification-2008) in the manufacturing sector have shown positive growth during the month of January 2020 as compared to the corresponding month of the previous year. The industry group 'Manufacture of tobacco products' has shown the highest positive growth of 22.8% followed by 14.1% in 'Manufacture of basic metals' and 9.0% in 'Manufacture of furniture'.
On the other hand, the industry group 'Printing and reproduction of recorded media' has shown the highest negative growth of (-) 16.3% followed by (-) 11.6% in 'Manufacture of computer, electronic and optical products' and (-) 10.6% in 'Manufacture of motor vehicles, trailers and semi-trailers'.
As per Use-based classification, the growth rates in January 2020 over January 2019 are 1.8% in Primary goods, (-) 4.3% in Capital goods, 15.8% in Intermediate goods and (-) 2.2% in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 4.0% and (-) 0.3% respectively.
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