2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January, 2002 stand at 147.2, 181.4, and 164.7 respectively, with the corresponding growths of 3.4%, 3.2% and 3.8% as compared to January, 2001. The cumulative growths during April-December, 2001-02 over the corresponding period of 2000-01 in the three sectors have been 1.5%, 2.6% and 2.9% respectively, with the overall growth in the General Index being 2.5%.

3.    Alongwith the Quick Estimates of IIP for January, 2002, the indices for December, 2001 have undergone the first revision and those for October, 2001 have undergone the second (final) revision based upon the updated data received from the source agencies. While there are no significant revisions in the sectoral/general indices for October, 2001, the indices for mining and manufacturing sectors for December, 2001 have undergone upward revisions of 1.0% and 1.1% respectively. The upward revision in the mining sector’s index is due to subsequent increase in production of Lignite, Bauxite, Chromite, Iron Ore, Manganese Ore, Phosphorite, Dolomite and Limestone as compared to the estimated/provisional figures. The upward revision in the index for manufacturing sector is on account of upward revision in the production data reported by Development commissioner (Iron and Steel), Office of Textile Commissioner and Directorate of Vanaspati, Vegetable Oils & Fats. Consequently there is an upward revision of 1.0% in the general IIP for December, 2001.

4. Twelve out of seventeen two-digit industry groups have shown positive growth during the month of January, 2002 as compared to the corresponding month of the previous year. Textile Products (including Wearing Apparel) have shown the highest growth of 18.7% followed by 14.8% in Rubber, Plastic, Petroleum and Coal Products and 13.5% in Transport Equipment and Parts. On the other hand, Leather and Leather & Fur Products have shown a growth of –11.5% followed by a growth of –7.9% in Wood and Wood Products; Furniture and Fixtures and –6.5% in Jute and Other Vegetable Fibre Textiles (except Cotton).

5. As per Use-based classification, the growth in January, 2002 as compared to January, 2001 is 4.0% in Basic goods, -1.9% in Capital goods and 1.5% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 14.3% and 3.0% respectively, with the overall growth in Consumer goods being 5.6%.

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 January, 2002 alongwith the growth rates over the corresponding month of previous year including the cumulative indices and growth rates are enclosed.