Industrial production growth in India edges up to 2.4% in December
12 February 2019
Industrial production in the country based on the Index of Industrial Production (IIP) increased by 2.4 per cent in December 2018 year-on-year against the marginal 0.5 per cent growth recorded in the previous month.
Cumulative growth of industrial production the period April-December 2018 stood at 4.6 per cent.
Production in the mining, manufacturing and electricity sectors recorded growth rates of (-) 1.0 per cent, 2.7 per cent and 4.4 per cent, respectively. Cumulative growth of production in the three sectors during April-December 2018 stood at 3.1 per cent, 4.7 per cent and 6.4 per cent, respectively.
Thirteen out of the 23 industry groups in the manufacturing sector have shown positive growth during December 2018. The industry group ‘tobacco products’ has shown the highest positive growth of 27.9 per cent, followed by ‘other transport equipment’ 17.9 per cent and ‘wearing apparel’ 16.5 per cent.
On the other hand, the industry group ‘furniture’ has shown the highest negative growth of (-) 18.7 per cent followed by ‘other manufacturing’ (-) 16.4 per cent and ‘coke and refined petroleum products’ (-) 5.4 per cent.
Primary goods production grew (-) 1.2 per cent while capital goods production recorded a growth of 5.9 per cent, intermediate goods production grew (-) 1.5 per cent and infrastructure/construction goods production recorded 10.1 per cent growth in December 2018.
Production of consumer durables and consumer non-durables recorded growth rates of 2.9 per cent and 5.3 per cent, respectively.