Industrial production shows 7.1% groth in Dec 2017 compared to Dec 2016

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New Delhi : The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of December 2017 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. The General Index for the month of December 2017 stands at 130.3, which is 7.1 % higher compared to the level in December 2016. The cumulative growth for the period April-December 2017 over the corresponding period of the previous year stands at 3.7 %.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2017stand at1 15.5, 131.6 and 143.9 respectively, with the corresponding growthr ates of 1.2 %, 8.4 % and 4.4 % compared to December 2016. The cumulative growth in these three sectors during April-December 2017 over the corresponding period of 2016 has been 2.8 %, 3.8 % and 5.1 % respectively, according to a PIB release.

Interms of industries, sixteen out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of December 2017 compared to the corresponding month of the previous year.The industry group ‘Manufacture of other transport equipment’ has shown the highest positive growth of 38.3 % followed by 33.6 % in ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ and 29.8 % in ‘Manufacture of computer, electronic and optical products’. On the other hand, the industry group ‘Manufacture of tobacco products’ has shown the highest negative growth of (-) 28.2 %.

IIP is compiled using data received from 14 source agencies viz. (i) Department of Industrial Policy&Promotion (DIPP) (ii) IndianBureau of Mines (iii) Central Electricity Authority (iv) Joint Plant Committee, Ministry of Steel (v) Ministry of Petroleum&Natural Gas (vi) Office of Textile Commissioner (vii) Department of Chemicals & Petrochemicals (viii) Directorate of Sugar & Vegetable Oils (ix) Department of Fertilizers (x) Tea Board (xi) Office of Jute Commissioner (xii) Office of Coal Controller (xiii) Railway Board and (xiv) Coffee Board.