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India's industrial output grows by 8.4% in November 2017

 
India's industrial output grew by 8.4 percent in November 2018, as compared to the level in the same month of the previous year, after slowing down to 2.22 percent in October, an official statement said here today.
 
The Quick Estimates of Index of Industrial Production (IIP) and Use-Based Index for November 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 125.6.
 
 The cumulative growth for the period April-November 2017 over the corresponding period of the previous year stood at 3.2%, an official press release said here today, quoting the provisional data.
 
According to the release, the the Indices of Industrial Production for the Mining, ManufacturingandElectricity sectors for November 2017 stood at  107.4, 127.5 and 140.1, respectively, with the corresponding growth rates of 1.1%, 10.2% and 3.9% as compared to November 2016.
 
The cumulative growth in these three sectors during April-November 2017 over the corresponding period of 2016 was 3.0%, 3.1% and 5.2%, respectively.
 
The release said 15 of the 23 industry groups in the manufacturing sector had shown positive growth during November 2017 as compared to the corresponding month of the previous year.
 
The industry group ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ showed the highest growth of 39.5%, followed by 29.1% in ‘Manufacture of computer, electronic and optical products’ and 22.6% in ‘Manufacture of other transport equipment’. 
 
On the other hand, the industry group ‘Other manufacturing’ showed the highest negative growth of (-) 15.9% followed by (-) 13.1% in ‘Manufacture of wearing apparel’ and (-) 11.2% in ‘Manufacture of electrical equipment’.
 
The growth rates in November 2017 over November 2016 were 3.2% in Primary goods, 9.4% in Capital goods, 5.5% in Intermediate goods and 13.5% in Infrastructure/ Construction Goods.
 
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Consumer durables and Consumer non-durables recorded growth of 2.5% and 23.1%, respectively.
 
According to the release, some important item groups which showed high growth during November over the same month in the previous year include ‘Bodies of trucks, lorries and trailers’ (202.0%), ‘Digestive enzymes and antacids (incl. PPI drugs)’ (110.7%), ‘Separators including decanter centrifuge’ (71.4%), ‘Axle’ (61.9%), ‘Stainless Steel utensils’ (55.5%), ‘Sugar’ (46.4%), ‘Steroids and hormonal preparations (including anti-fungal preparations)’ (40.9%), ‘HR coils and sheets  of mild steel’ (37.2%), ‘HR plates of mild steel’ (22.8%) and ‘Two-wheelers (motorcycles/ scooters)’ (20.7%).
 
Important item groups that registered high negative growth include ‘Jewellery of gold (studded with stones or not)’ [(-) 68.7%], ‘Anti-malarial drug’ [(-) 66.4%], ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 51.8%], ‘Plastic jars, bottles and containers’ [(-)43.9%],‘Printing Machinery’ [(-) 40.4%], ‘Electric heaters’ [(-) 37.1%], ‘Purified Terephthalic Acid (PTA)’ [(-) 27.7%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 24.8%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 23.0%], ‘Electrical apparatus for switching or protecting electrical circuits (e.g switchgear, circuit breakers/switches,control/ meter panel)’ [(-) 22.6%], ‘Readymade Garments, knitted’ [(-) 21.6%], ‘Generators / Alternators’ [(-) 21.6%] and‘Tooth Paste’ [(-) 20.2%].
 
NNN
 
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