PRESS INFORMATION BUREAU

 

GOVERNMENT OF INDIA

 

 New Delhi

 Dated: December 12, 2008

 

PRESS NOTE

 

Subject: Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of October, 2008.

 

 

            The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of October 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 261.5, which is (-)0.4% lower as compared to the level in the month of October 2007. The cumulative growth for the period April-October 2008-09 stands at 4.1% over the corresponding period of the pervious year.

 

 

2.         The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2008 stand at 174.4, 276.9, and 231.2 respectively, with the corresponding growth rates of 2.8%, (-)1.2% and 4.4% as compared to October 2007. The cumulative growth during April-October, 2008-09 over the corresponding period of 2007-08 in the three sectors have been 3.7%, 4.2% and 2.8% respectively, which moved the overall growth in the General Index to 4.1%.

 

  

3.         In terms of industries, as many as seven (7) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of October 2008 as compared to the corresponding month of the previous year. The industry group ‘Other Manufacturing Industries’ have shown the highest growth of 11.0%, followed by 7.5% in ‘Beverages, Tobacco and Related Products’ and 5.4% in ‘Paper & Paper Products and Printing, Publishing & Allied Industries ’.  On the other hand, the industry group ‘Leather and Leather & Fur Products’ have shown a negative growth of 18.1% followed by 14.4% in ‘Wood and Wood Products: Furniture and Fixtures‘ and 9.6% in ‘Cotton Textiles’.

 

 

4.         As per Use-based classification, the Sectoral growth rates in October 2008 over October 2007 are 2.7% in Basic goods, 3.1% in Capital goods and (-)3.7% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-)3.0% and (-)2.0% respectively, with the overall growth in Consumer goods being (-)2.3%.

 

 

 

 

 

5.         Alongwith the Quick Estimates of IIP for October 2008, the indices for September 2008 have undergone the first revision and those for July 2008 have undergone the second (final) revision in the light of the updated data received from the source agencies. (It may be noted that revised indices (first revision) in respect of August 2008 have already been released in November 2008 and these indices shall undergo final (second) revision in January 2009).

 

6.         Statements giving 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 October 2008, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

 

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Note: -

 

 

1.  The release of the index for November 2008 will be on Monday, 12 January 2009.