Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of April, 2012(Base 2004-05=100)
The Quick Estimates of Index of IndustrialProduction (IIP) with base 2004-05 for the month of April 2012 have beenreleasedby the CentralStatisticsOffice of the Ministry of Statistics andProgramme Implementation. IIP is compiled using datareceivedform 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); IndianBureau of Mines; Central Electricity Authority; JointPlant Committee; Ministry of Petroleum & Natural Gas; Office of TextileCommissioner; 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 GeneralIndexfor the month of April 2012 stands at 166.4, which is 0.1% higher as compared to the level in the month of April 2011. The cumulativegrowth for the period April-March 2011-12 stands at 2.8% over the corresponding period of the previous year.
3. The Indices of IndustrialProductionfor the Mining, ManufacturingandElectricity sectors for the month of April 2012standat 124.4, 176.2 and 152.7 respectively, with the correspondinggrowthrates of (-)3.1%, 0.1% and 4.6% as compared to April 2011 (Statement I). The cumulative growth in the three sectors during April-March 2011-12 over the corresponding period of 2010-11 has been (-)1.9%, 3.0% and 8.2% respectively.
4. Interms of industries, twelve (12) out of the twenty two (22) industrygroups (asper 2-digit NIC-2004) in themanufacturingsectorhave shown positivegrowthduring the month of April 2012 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Publishing, PrintingandReproduction of Recorded Media’ has shown the highest growth of 52.7%, followed by 29.4% in ‘Medical, precision & opticalinstruments, watches and clocks’ and 21.4% in ‘Radio, TV and CommunicationEquipment and Apparatus’. On the other hand, the industry group ‘Electric Machinery and apparatus n.e.c.’ has shown a negative growth of 49.2% followed by 14.9% in ‘Office, Accounting and Computing Machinery’ and 9.1% in ‘Wearing apparel; dressing and dyeing of fur’.
5. Asper Use-based classification, the growthratesinApril 2012 over April 2011 are 2.3% in Basic goods, (-) 16.3% inCapital goods and (-)1.4% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 5.0% and 5.4% respectively, with the overall growth in Consumer goods being 5.2%.
6. Some of the important items showing highpositivegrowthduring the currentmonth over the same month in previous year include ‘Telephone Instruments includingMobile Phone & Accessories’ (30.0%), ‘Newspapers’ (56.7%), ‘Conductor,Aluminium’ (42.3%), ‘Boilers’ (38.1%), ‘Polythene Bags includingHdpe & Ldpe Bags’ (194.0%), ‘Cement Machinery’ (193.1%), ‘Aerated Water & Soft Drinks’ (35.3%), ‘Cashew Kernels’ (31.9%) and ‘Generator/ Alternator’ (37.2%).
7. Some of the otherimportant items showing highnegativegrowth are: ‘Cable, Rubber Insulated’ [(-) 85.2%], ‘Sugar’ [(-) 21.4%], ‘Vitamins’ [(-) 55.9%], ‘Colour TV Sets’ [(-) 29.5%], ‘Furnace Oil’ [(-) 26.0%], ‘Woollen Carpets’ [(-) 47.0%] and ‘Textile Machinery’ [(-) 40.9%].
8. Along with the Q.E. of IIP for the month of April 2012, the indices for March 2012 have undergone the firstrevisionand those for January 2012 have undergone the final revision in the light of the updated datareceivedfrom the sourceagencies. It may be noted that these revised indices (first revision) in respect of March 2012 shall undergo final (second) revision along with the release of IIP for the month of June 2012.