The Central Statistical Organisation of the ministry of statistics and programme implementation has released the quick estimates of Index of Industrial Production (IIP) with base 1993-94 for December 2007.

The general index stands at 283.8, which is 7.6 per cent higher as compared to the level in the month of December 2006. The cumulative growth for the period April-December 2007-08 stands at 9.0 per cent over the corresponding period of the previous year.

The indices of industrial production for the mining, manufacturing and electricity sectors for the month of December 2007 stand at 180.6, 305.7, and 219.6 respectively, with the corresponding growth rates of 3.0 per cent, 8.4 per cent and 3.8 per cent as compared to December 2006.

The cumulative growth during April-December, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 4.9 per cent, 9.6 per cent and 6.6 per cent respectively, which moved the overall growth in the General Index to 9.0 per cent.

In terms of industries, as many as 13out of the 17 industry groups as per 2-digit NIC-1987 have shown positive growth during the month of December 2007 as compared to the corresponding month of the previous year.

• The industry group 'wood and wood products; furniture and fixtures' has shown the highest growth of 31.3 per cent followed by 
• 30.6 per cent in 'other manufacturing industries' and 
• 21.7 per cent in 'basic chemicals & chemical products (except production of petroleum & coal)'
• On the other hand, the industry group 'metal products and parts, except machinery and equipment' has shown a negative growth of 23.6 per cent followed by 
• 2.0 per cent in 'wool, silk and man-made fibre textiles' and 
• 1.7 per cent in 'non-metallic mineral products'.

As per Use-based classification, the sectoral growth rates in December 2007 over December 2006 are: 

• 3.1 per cent in Basic goods 
• 16.6 per cent in capital goods and 
• 7.2 per cent in intermediate goods 
• Consumer durables and Consumer non-durables have recorded growth of 2.2 per cent and 10.6 per cent respectively

with the overall growth in consumer goods being 8.7 per cent.

Alongwith the Quick Estimates of IIP for December 2007, the indices for November 2007 have undergone the first revision and those for September 2007 have undergone the second (final) revision in the light of the updated data received from the source agencies.

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 December 2007, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

(See: Tabular details of  Index of Industrial production)