QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED
INDEX FOR JULY 2003 (BASE 1993-94=100)
The Quick Estimates
of Index of Industrial Production (IIP) with base 1993-94 for
the month of July 2003 have been released by the Central Statistical
Organisation. The General Index stands at 181.4 which is higher
by 5.6% as compared to the month of July 2002.
The Indices of Industrial
Production for the Mining, Manufacturing and Electricity sectors
for the month of July 2003 stand at 141.2, 189.1, and 163.0 respectively,
with the corresponding growths of 2.6%, 6.8% and (-)1.9% as compared
to July 2002. The cumulative growths during April-July, 2003-04
over the corresponding period of 2002-03 in the three sectors
have been 4.6%, 6.0% and 2.6% respectively, with the overall growth
in the General Index being 5.6%.
Alongwith the Quick
Estimates of IIP for July 2003, the indices for June 2003 have
undergone the first revision and those for April 2003, 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 April 2003 and June 2003. The time- series production
data of Middling for April 2002 onwards have been slightly revised
by the Office of Coal Controller, Kolkata. The Press Note on Quick
Estimates of IIP for July 2003 also incorporates the revised time-series
production data of Middling. However, it has only negligible impact
on the indices of Industry Group 31: 'Rubber, Plastic, Petroleum
and Coal products' for November 2002 and no impact on the overall
indices of manufacturing sector.
As many as 13
of the 17 two-digit industry groups have shown positive growth
during the month of July 2003 as compared to the corresponding
month of the previous year. Transport Equipment and Parts have
shown the highest growth of 25.1%, followed by 21.6% in Wool,
Silk and Man-made Fibre Textiles and 16.2% in Basic Metal and
Alloy Industries. On the other hand, Leather and Leather and Fur
Products have shown a negative growth of 13.3% followed by a decline
of 7.0% in Cotton Textiles and 5.4% in Metal Products and Parts,
except Machinery and Equipment.
As per Use-based
classification, the growth in July 2003 over July 2002 is 4.1%
in Basic goods, 9.0% in Capital goods and 5.4% in Intermediate
goods. The Consumer durables and Consumer non-durables have recorded
growth of 6.2% and 6.3% respectively, with the overall growth
in Consumer goods being 6.3%.
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 July 2003, along
with the growth rates over the corresponding month of previous
year, including the cumulative indices and growth rates, are enclosed.
Click here for the Chart : Chart
1 | Chart 2 | Chart
3
Note:
- The release of the index for
August, 2003 will be on Friday, 10 October, 2003.
