The Quick Estimates
of Index of Industrial Production (IIP) with base 1993-94 for
the month of October 2002 have been released by the Central Statistical
Organisation. The General Index stands at 172.3 which is higher
by 6.2% as compared to the month of October 2001.
2. The Indices
of Industrial Production for the Mining, Manufacturing and Electricity
sectors for the month of October 2002 stand at 139.8, 176.9, and
169.9 respectively, with the corresponding growths of 3.8%, 6.4%
and 7.4% as compared to October 2001. The cumulative growth in
the three sectors during April-October, 2002 over the corresponding
period of 2001 has been 6.1%, 5.6% and 4.0%, respectively. The
overall growth in the General Index during this period has been
5.5%.
3. Alongwith the Quick Estimates of
IIP for October 2002, the indices for September 2002 have undergone
the first revision and those for July 2002 the second (final)
revision in the light of the updated data received from the source
agencies. There are no significant revisions in the indices for
July 2002 and September 2002.
4. As many as
14 of the 17 two-digit industry groups have shown positive growth
during the month of October 2002 as compared to the corresponding
month of the previous year. Beverages, Tobacco and Related Products
have shown the highest growth of 37.7%, followed by 23.6% in Transport
Equipment and Parts and 17.0% in Metal Products and Parts, except
Machinery and Equipment. On the other hand, Wood and Wood Products;
Furniture and Fixtures have shown a negative growth of 26.4% followed
by a decline of 4.9% in Leather and Leather & Fur Products
and 2.9% in Machinery and Equipment other than Transport Equipment.
5. As per Use-based classification,
the growth in October 2002 over October 2001 is 5.0% in Basic
goods, 12.2% in Capital goods and 4.1% in Intermediate goods.
The Consumer durables and Consumer non-durables have recorded
growth of (-)5.9% and 14.6% respectively, with the overall growth
in Consumer goods being 8.1%.
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
2002, along with the growth rates over the corresponding month
of previous year, including the cumulative indices and growth
rates, are enclosed.
Click here for Chart
1 | Chart 2 | Chart
3
Note:
- This Press release information
is also available at the Website of the Ministry - http://www.mospi.nic.in
- The release of the index for
November, 2002 will be on Friday, 10 January, 2003.
