10th May, 2002
Ministry of Statistics & Programme Implementation
  


PRESS NOTE

Subject: Quick Estimates of Index of Industrial Production and Use-based Index (Base 1993-94=100) for the month of March, 2002.

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of March, 2002 have been released by the Central Statistical Organisation. The General Index stands at 182.9 which is higher by 2.4% as compared to the month of March, 2001.

2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March, 2002 stand at 149.4, 188.6, and 173.1 respectively, with the corresponding growths of 3.0%, 2.0% and 5.2% as compared to March, 2001. The cumulative growths during April-March, 2001-02 over the corresponding period of 2000-01 in the three sectors have been 1.8%, 2.7% and 3.1% respectively, with the overall growth in the General Index being 2.7%.

  1. Alongwith the Quick Estimates of IIP for March, 2002, the indices for February, 2002 have undergone the first revision and those for December, 2001 have undergone the second (final) revision based upon the updated data received from the source agencies. There are no significant revisions in the indices for December, 2001 and February, 2002.

4. Nine out of seventeen two-digit industry groups have shown positive growth during the month of March, 2002 as compared to the corresponding month of the previous year. Beverages, Tobacco and Related Products have shown the highest growth of 22.8% followed by 11.8% in Transport Equipment and Parts and 6.9% in Paper & Paper Products and Printing, Publishing & Allied Industries as well as Basic Metal and Alloy Industries. On the other hand, Wood and Wood Products; Furniture and Fixtures have shown a growth of (-)13.1% followed by a growth of (-)10.1% in Jute and Other Vegetable Fibre Textiles (except Cotton) and (-)8.8% in Other Manufacturing Industries.

  1. As per Use-based classification, the growth in March, 2002 as compared to March, 2001 is 3.7% in Basic goods, (-)1.0% in Capital goods and (-)1.9% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 9.7% and 4.9% respectively, with the overall growth in Consumer goods being 6.1%.

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