General Index of Industrial Production registers 5% growth

 The Dollar Business Bureau The General Index of Industrial Production (IIP) for the month of February 2015 registered a 5% growth and stood at 181.3 as compared to the level in the month of February 2014 which is 5.0% higher as compared to the level in the month of February 2014. The cumulative growth for the period April-February 2014-15 over the corresponding period of the previous year stands at 2.8%. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2015 stand at 130.7, 192.9 and 166.0 respectively, with the corresponding growth rates of 2.5%, 5.2% and 5.9% as compared to February 2014. The cumulative growth in the three sectors during April-February 2014-15 over the corresponding period of 2013-14 has been 1.5%, 2.2% and 9.1% respectively, said a PIB release. As per Use-based classification, the growth rates in February 2015 over February 2014 are 5.0% in Basic goods, 8.8% in Capital goods and 1.1% in Intermediate Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 3.4% and 10.7% respectively, with the overall growth in Consumer goods being 5.2%. Some of the important items showing high positive growth during the current month over the same month in previous year include ‘H R Sheets’ (216.3%), ‘Leather Garments’ (151.8%), ‘Polythene bags including HDPE & LDPE bags’ (131.6%), ‘Cable, Rubber Insulated’ (63.5%), ‘Vitamins’ (60.5%), ‘Stainless/ alloy steel’ (57.0%), ‘Apparels’ (52.5%), ‘Conductor, Aluminium’ (48.5%), ‘PVC Pipes and Tubes’ (44.9%), ‘Block Board’ (34.2%), ‘Carbon Steel’ (27.4%) and ‘Air Conditioner (Room)’ (27.4%). Some of the other important items showing high negative growth are: ‘Heat Exchangers’ [(-) 54.7%], ‘Electric Sheets’ [(-) 53.9%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 51.7%], ‘Computers’ [(-) 51.5%], ‘Furnace Oil’ [(-) 37.5%], ‘Ship Building & Repairs’ [(-) 34.8%], ‘Tractors (complete)’ [(-) 29.8%], ‘Boilers’ [(-) 28.8%], ‘Generator/ Alternator’ [(-) 28.7%] and ‘CR Sheets’ [(-) 21.7%].  

This article was published on April 10, 2015.