India Industrial production grows by 5.9 per cent

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Riding on the manufacturing industry as well as consumer durables and non-durables, the industrial production in India in November 2011 has risen by 5.9 per cent, latest government data released recently said.

The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of November 2011 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.

The General Index for the month of November 2011 stands at 167.4, which is 5.9 per cent higher as compared to the level in the month of November 2010.

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The cumulative growth for the period April-November 2011-12 stands at 3.8 per cent over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2011 stand at 127.6, 177.8 and 145.6 respectively, with the corresponding growth rates of (-) 4.4 per cent, 6.6 per cent and 14.6 per cent as compared to November 2010.

The cumulative growth in the three sectors during April-November, 2011-12 over the corresponding period of 2010-11 has been (-)2.5 per cent, 4.1 per cent and 9.5 per cent respectively, which moved the overall growth in the General Index to 3.8 per cent.

In terms of industries, 17 out of the 22 industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of November 2011 as compared to the corresponding month of the previous year.

The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown a negative growth of 38.7 per cent followed by 8.6 per cent in ‘Furniture; manufacturing n.e.c.’ and 6.4 per cent in ‘Office, accounting & computer machinery’.

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