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The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of January 2005 was released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation here today. The General Index stands at 220.3, which is higher by 8.0% as compared to the level in the month of January 2004.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2005 stand at 164.2, 231.9, and 187.3 respectively, with the corresponding growths of 1.9%, 9.3% and 2.3% as compared to January 2004. The cumulative growth during April-January, 2004-05 over the corresponding period of 2003-04 in the three sectors have been 4.6%, 9.2% and 6.0% respectively, with the overall growth in the General Index being 8.4%
Alongwith the Quick Estimates of IIP for January 2005, the indices for December 2004 have undergone the first revision and those for October 2004, the second (final) revision in the light of the updated data received from the source agencies. There are no significant revisions in the indices for October 2004 and December 2004.
As many as 14 of the 17 two-digit industry groups have shown positive growth during the month of January 2005 as compared to the corresponding month of the previous year. 'Jute and Other Vegetable Fibre Textiles (Except Cotton)’ have shown the highest growth of 59.1%, followed by 30.8% in 'Textile Products (including Wearing Apparel)’ and 17.9% in 'Other Manufacturing Industries'. On the other hand, 'Wood and Wood Products; Furniture and Fixtures’ have shown a negative growth of 16.7% followed by a decline of 2.9% in 'Rubber, Plastic, Petroleum and Coal Products’ and 0.8% in 'Wool, Silk and Man-Made Fibre Textiles'.
As per Use-based classification, the growth in January 2005 over January 2004 is 5.3% in Basic goods, 10.6% in Capital goods and 1.8% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 13.2% and 15.6% respectively, with the overall growth in Consumer goods being 15.1%.
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 January 2005, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are given in Statements I,II,III.
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