Friday, June 12, 2009

 Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of April, 2009. 

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of April 2009 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 270.1, which is 1.4% higher as compared to the level in the month of April 2008. The revised annual growth for the period April-March 2008-09 stands at 2.6% 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 April 2009 stand at 177.6, 287.0, and 233.6 respectively, with the corresponding growth rates of 3.8%, 0.7% and 7.1% as compared to April 2008. The revised annual growth in the three sectors during April-March, 2008-09 over the corresponding period of 2007-08 have been 2.6%, 2.5% and 2.8% respectively, which moved the overall growth in the General Index to 2.6%. 

3. In terms of industries, as many as eleven (11) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of April 2009 as compared to the corresponding month of the previous year. The industry group ‘Wood and Wood Products; Furniture and Fixtures’ have shown the highest growth of 31.4%, followed by 12.6% in ‘Wool, Silk and Man-made Fibre Textiles’ and 10.2% in ‘Non-Metallic Mineral Products ’. On the other hand, the industry group ‘Food Products’ have shown a negative growth of 34.4% followed by 12.4% in ‘Leather and Leather & Fur Products‘ and 5.1% in ‘Other Manufacturing Industries’. 

4. As per Use-based classification, the Sectoral growth rates in April 2009 over April 2008 are 4.6% in Basic goods, (-)1.3% in Capital goods and 7.1% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 16.9% and (-)10.4% respectively, with the overall growth in Consumer goods being (-)4.7%. 

5. Alongwith the Quick Estimates of IIP for April 2009, the indices for March 2009 have undergone the first revision and those for January 2009 have undergone the second (final) revision in the light of the updated data received from the source agencies. (It may be noted that revised indices (first revision) in respect of February 2009 have already been released in May 2009 and these indices shall undergo final (second) revision in July 2009). 

6. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC)-1987 and by Use-based classification for the month of April 2009, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

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