India's industrial production barely expands at 0.5% in November
11 January 2019
Industrial production in the country based on the index of industrial production (IIP) showed a marginal 0.5 per cent increase in November held down by a fall in manufacturing output, quick estimates of industrial production released today by the ministry of statistics and programme implementation showed.
The cumulative growth of production during the April-November 2018 period expanded 5.0per cent compared to the corresponding period of the previous year.
Production in the mining, manufacturing and electricity sectors grew at 2.7 per cent, (-) 0.4 per cent and 5.1 per cent, respectively, compared to November 2017. The three sectors recorded growth rates of 3.7 per cent, 5.0 per cent and 6.6 per cent, respectively, during April-November 2018.
Ten out of the 23 industry groups in the manufacturing sector have shown positive growth during November 2018 compared to the corresponding month of the previous year. The industry group ‘manufacture of wearing apparel’ has shown the highest positive growth of 22.1 per cent followed by 7.6 per cent in ‘manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 7.4 per cent in ‘manufacture of other transport equipment’.
On the other hand, the industry group ‘manufacture of fabricated metal products, except machinery and equipment’ has shown the highest negative growth of (-) 13.4 per cent followed by (-) 9.6 per cent in ‘manufacture of electrical equipment’ and (-) 7.3 in ‘other manufacturing’.
The Primary goods group recorded a growth of 3.2 per cent and infrastructure and construction group recorded 5 per cent growth in November 2018, production of capital goods and intermediate goods showed negative growth of (-) 3.4 per cent and (-) 4.5 per cent, respectively.
Production of consumer durables and consumer non-durables registered growth rates of (-) 0.9 per cent and (-) 0.6 per cent, respectively.