The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of December 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 279.1, which is (-)2.0% lower as compared to the level in the month of December 2007. The cumulative growth for the period April-December 2008-09 stands at 3.2% over the corresponding period of the pervious year.
2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2008 stand at 186.0, 298.6, and 223.1 respectively, with the corresponding growth rates of 1.0%, (-)2.5% and 1.6% as compared to December 2007. The cumulative growth during April-December, 2008-09 over the corresponding period of 2007-08 in the three sectors have been 3.0%, 3.3% and 2.7% respectively, which moved the overall growth in the General Index to 3.2%.
3. In terms of industries, as many as seven (7) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of December 2008 as compared to the corresponding month of the previous year. The industry group ‘Other Manufacturing Industries’ have shown the highest growth of 21.7%, followed by 9.0% in ‘Beverages, Tobacco and Related Products’ and 7.6% in ‘Metal Products and Parts, except Machinery and Equipment’. On the other hand, the industry group ‘Jute and Other Vegetable Fibre Textiles (except cotton)’ have shown a negative growth of 66.4% followed by 20.0% in ‘Wood and Wood Products; Furniture and Fixtures‘and 17.9% in ‘Transport Equipment and Parts’.
4. As per Use-based classification, the Sectoral growth rates in December 2008 over December 2007 are 1.7% in Basic goods, 4.2% in Capital goods and (-)8.5% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-)12.8% and (-)0.1% respectively, with the overall growth in Consumer goods being (-)2.7%.