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India's industrial output grows by 4.3% in August 2017

 
India's industrial output grew by 4.3 percent in August 2017, as compared to the level in the same month of the previous year, an official statement said here today.
 
The Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of August, 2017 (Base 2011-12=100), released here today by the Central Statistics Office of the Ministry of Statistics and Programme Implementation, said the General Index for the month stood at 121.5.
 
The cumulative growth for the period April-August 2017 over the corresponding period of the previous year stood at 2.2 percent, the statement said.
 
According to it, the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for August 2017 stood at 92.7, 123.3 and 155.4, respectively, with the corresponding growth rates of 9.4 percent, 3.1 percent and 8.3 percent as compared to August 2016.
 
The cumulative growth in these three sectors during April-August 2017 over the corresponding period of 2016 was 3.3 percent, 1.6 percent and 6.2 percent, respectively.
 
The statement said 10 of the 23 industry groups in the manufacturing sector showed positive growth during August 2017 as compared to the corresponding month of the previous year.
 
The industry group ‘Manufacture of computer, electronic and optical products’ showed the highest growth of 24.9 percent followed by 16.5 percent in ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ and 11.1 percent in ‘Manufacture of other transport equipment’. On the other hand, the industry group ‘Manufacture of furniture’ showed the highest negative growth of (-) 16.0 percent followed by (-) 15.1 percent in ‘Manufacture of tobacco products’ and  (-) 11.4 percent in ‘Printing and reproduction of recorded media’.
 
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The statement said the growth rates in August 2017 over August 2016 are 7.1 percent in Primary goods, 5.4 percent in Capital goods, (-) 0.2 percent in Intermediate goods and 2.5 percent in Infrastructure/ Construction Goods. Consumer durables and Consumer non-durables recorded growth of 1.6 percent and 6.9 percent, respectively.
 
Items which showed high positive growth during August over the same month in previous year include ‘Meters (electric and non-electric)’ (63.3%), ‘Separators including decanter centrifuge’ (56.6%), ‘Digestive enzymes and antacids (incl. PPI drugs)’ (33.7%), ‘Anti-pyretic, analgesic/anti-inflammatory API & formulations’ (29.6%), ‘Pipes, tubes & casing of steel/ iron’ (27.4%), ‘Axle’ (26.0%), ‘Telephones and mobile instruments’ (23.2%) and  ‘Full-cream/ Toned/ Skimmed milk, whether or not chilled’ (22.4%).
 
Items which registered high negative growth include ‘Anti-malarial drug’ [(-)68.4%], ‘Jewellery of gold (studded with stones or not)’ [(-) 46.0%], ‘Plastic jars, bottles and containers’ [(-) 42.0%], ‘Tooth Paste’ [(-) 39.9%], ‘Other tobacco products’ [(-) 38.2%], ‘Electrical apparatus for switching or protecting electrical circuits (e.g switchgear, circuit breakers/switches, control/ meter panel)’ [(-) 33.7%] and ‘Palm Oil refined (including Palmolein)’ [(-) 29.3%].
 
NNN
 
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