The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of October 2012 havebeen released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); IndianBureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office ofTextile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller;Railway Board; Office of Salt Commissioner and Coffee Board.
2. The General Index for the month of October 2012 stands at 171.3, which is 8.2% higher as compared to the level in the month of October 2011. The cumulative growth for the period April-October 2012-13 over the corresponding period of theprevious year stands at 1.2%.
3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2012 stand at 122.5, 181.9 and 160.5 respectively, with the corresponding growth rates of (-) 0.1%, 9.6% and 5.5% as compared to October 2011 (Statement I). The cumulative growth in the three sectors during April-October 2012-13 over the corresponding period of 2011-12 has been (-) 0.7%, 1.0% and 4.7% respectively.
4. In terms of industries, seventeen (17) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in themanufacturing sector have shown positive growth during the month of October 2012 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highestgrowth of 27.4%, followed by 25.9% in ‘Motor vehicles, trailers & semi-trailers’ and 22.2% in ‘Coke, refined petroleumproducts & nuclear fuel’. On the other hand, the industry group ‘Tobacco products’ has shown a negative growth of 8.7% followed by 6.4% in ‘Office, accounting and computing machinery’ and 6.1% in ‘Wood and products of wood & cork exceptfurniture; articles of straw & plating materials’.
5. As per Use-based classification, the growth rates in October 2012 over October 2011 are 4.1% in Basic goods, 7.5% inCapital goods and 9.4% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 16.5% and 10.1% respectively, with the overall growth in Consumer goods being 13.2%.
6. Some of the important items showing high positive growth during the current month over the same month inprevious year include ‘Telephone Instruments including Mobile Phones and Accessories’ (20.0%), ‘Passenger Cars’ (37.4%), ‘Diesel, High Speed’ (24.3%), ‘Conductor, Aluminium’ (54.9%), ‘Cable, Rubber Insulated’ (29.0%), ‘Carbon Steel’ (23.3%), ‘Sugar (including sugar cubes)’ (95.5%), ‘Cotton Cloth’ (21.7%), ‘Gas, Liquefied Petroleum’ (21.5%), ‘Petrol (Motor Spirit)’ (24.7%), ‘Rice’ (24.7%) and ‘Cashew Kernels’ (26.8%).
7. Some of the other important items showing high negative growth are: ‘Razor blades/safety blades’ [(-) 28.1%], ‘Ship Building & Repairs’ [(-) 44.1%], ‘Grinding wheels’ [(-) 37.6%], ‘Fruit Pulp’ [(-) 54.6%] and ‘Colour TV Picture Tubes’ [(-) 62.7%].
8. Along with the Q.E. of IIP for the month of October 2012, the indices for September 2012 have undergone the firstrevision and those for July 2012 have undergone the final revision in the light of the updated data received from the sourceagencies. It may be noted that these revised indices (first revision) in respect of September 2012 shall undergo final (second) revision along with the release of IIP for the month of December 2012.