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India's industrial output grows by 7.1% in December 2017

 
India's industrial output grew by 7.1 percent in December, 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 December, 2017 (base 2011-12=100) released here by the Central Statistics Office of the Ministry of Statistics and Programme Implementation, said the General Index for the month of December, 2017 stood at 130.3.
 
The cumulative growth for the period April-December, 2017 over the corresponding period of the previous year stood at 3.7%, it said.
 
According to the statement, the Indices of IndustrialProduction for the Mining, ManufacturingandElectricity sectors for December, 2017 stand at 115.5, 131.6 and 143.9, respectively, with the corresponding growth rates of 1.2%, 8.4%, and 4.4% as compared to December, 2016. The cumulative growth in these three sectors during April-December, 2017 over the corresponding period of 2016 was 2.8%, 3.8% and 5.1%, respectively.
 
The statement said 16 of the 23 industry groups in the manufacturing sector had shown growth during December, 2017 as compared to the corresponding month of the previous year.
 
The industry group ‘Manufacture of other transport equipment’ showed the highest 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’ showed the highest negative growth of (-) 28.2%, followed by (-) 22.3% in ‘Other manufacturing’ and (-) 14.9% in ‘Manufacture of electrical equipment’.
 
The growth rates in December, 2017 over December, 2016 were 3.7% in Primary goods, 16.4% in Capital goods, 6.2% in Intermediate goods and 6.7% in Infrastructure/ Construction Goods. Consumer durables and Consumer non-durables recorded growth of 0.9% and 16.5%, respectively.
 
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Important item groups which showed high growth during December, 2017 over the same month in previous year include ‘Bodies of trucks, lorries and trailers’ (254.1%), ‘API & formulations of hypo-lipidemic agents incl. anti-hyper-triglyceridemics (e.g. simvastatin, atorvastatin, etc); anti-hypertensive’ (250.4%), ‘Ship building and parts thereof’ (144.1%),‘Digestive enzymes and antacids (incl. PPI drugs)’ (88.4%), ‘Meters (electric and non-electric)’ (77.1%),‘Separators including decanter centrifuge’ (67.8%), ‘Axle’ (48.7%), ‘Commercial Vehicles’ (40.6%), ‘Two-wheelers (motorcycles/ scooters)’ (36.0%) and ‘Cement- all types’ (20.4%).
 
Important item groups that registered high negative growth include ‘Electric heaters’ [(-) 91.8%], ‘Jewellery of gold (studded with stones or not)’ [(-) 72.1%], ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 63.2%], ‘Other tobacco products’ [(-) 50.0%], ‘Plastic jars, bottles and containers’ [(-)38.1%],‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 35.6%], ‘Medical/ surgical accessories’ [(-) 34.3%], Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 28.3%], ‘Material handling, lifting and hoisting equipment’ [(-) 27.7%], ‘Paper of all kinds excluding newsprint’ [(-) 26.8%], ‘Telephones and mobile instruments’ [(-) 25.7%] and ‘Readymade Garments, knitted’ [(-) 22.5%], the statement added.
 
NNN
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