India's industrial production grew 1.8% in November
10 Jan 2020
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India’s industrial production looked up in November, rising 1.8 per cent year-on-year, after successive declines in the past few months, quick estimates of the index of Industrial production (IIP) showed.
Cumulative growth of industrial production in April-November 2019-20 stood at 0.6 per cent, pulled down by the successive months of deceleration, official data released today showed.
Production in the mining, manufacturing and electricity sectors in November grew at 1.7 per cent, 2.7 per cent and (-) 5.0 per cent, respectively, as compared to November 2018 growth. Cumulative production in these three sectors during April-November 2019 grew at (-) 0.1 per cent, 0.9 per cent and 0.8 per cent, respectively.
Thirteen out of the 23 industry groups in the manufacturing sector have shown year-on-year growth during November 2019.
Production in the `wood and products of wood and cork, except furniture; articles of straw and plaiting materials’ has shown the highest growth of 23.2 per cent, followed by 12.9 per cent in ‘basic metals’. On the other hand, the industry group ‘other manufacturing’ has shown the highest negative growth of (-) 13.5 per cent, followed by (-) 12.6 per cent in ‘motor vehicles, trailers and semi-trailers’.
Primary goods production grew (-) 0.3 per cent, capital goods production by (-) 8.6 per cent, intermediate goods production by 17.1 per cent and infrastructure/construction goods production by (-) 3.5 per cent.
Production in the consumer durables and consumer non-durables sectors have recorded growth rates of (-) 1.5 per cent and 2.0 per cent, respectively.
Along with the quick estimates of IIP for November 2019, the indices for October 2019 have undergone the first revision and those for August 2019 have undergone the final revision in the light of the updated data received from the source agencies.
