Search Result for : Index Of Industrial Production Iip

The Dollar Business Bureau The Office of the Economic Advisor and the Ministry of Commerce and Industry in India released the first compilation of Index of Industrial Production (IIP) taking the base year as 1937. They had covered 15 industries then. Subsequently, the base years underwent a revision twice, 1946 and 1951 With the commencement of the Central Statistical Organization in 1951, the task of compiling and publishing the IIP was entrusted in this office. Since then the IIP has been released monthly by the CSO. The initial general scope of the IIP included details of the Manufacturing, Mining, Electricity, Construction and Gas sectors. But due to challenges in obtaining data, the present IIP has details of the Manufacturing, Mining and Electricity sectors ...

The Dollar Business Bureau Industrial production dropped to a four-month low, declining 1.2% in the month of February, majorly due to the contraction in the manufacturing sector and lower offtake of consumer as well as capital goods. The Index of Industrial Production (IIP) had recorded 1.99% growth in the month of February last year. For the period April-February 2016-17, IIP growth was almost flat at 0.4% compared to 2.6% in the same period a year ago. For the month of January, the Central Statistics Office (CSO) has revised the industrial output growth to 3.27% from 2.74% in the provisional data issued last month. The previous low was witnessed in the month of October last year when the IIP declined ...

PTI Index of Industrial Production (IIP) will remain weak and may only grow up to 0.5% during January, on account of various constraints, including subdued domestic demand and an uncertain external demand, according to Dun & Bradstreet's latest economic forecast. "Industrial sector faces constraints from subdued domestic demand and weak, uncertain external demand on one hand and financing constraints, rising input prices and stalled projects on the other hand," D&B said in a report. "We expect Index of Industrial Production (IIP) to remain weak and grow by only 0.0% - 0.5% during January 2017," it added. Besides, the report said firming up of global commodity prices as well as depreciation of the rupee poses significant upward risk to inflation. D&B estimates ...

The Dollar Business Bureau Industrial activity in India, the figures for which are still to be released, is likely to see an upward trend in the month of January as there is an improvement in the overall economic scenario since December, according to a report.  Industrial output declined to a 4-month low of 0.4% in December, mainly due to fall in the production of consumer goods and capital goods.  “The contraction in IIP (Index of Industrial Production) was partially due to base effects, but largely by production contraction was due to demonetisation, particularly in automobile output,” Kotak Institutional Equities said in its research note.  Since then, the scenario is expected to have improved and IIP growth should witness some uptick in the month of ...

The Dollar Business Bureau Commerce Minister Nirmala Sitharaman said on Monday that the country’s economy grew at 7.1% in the first half-year period of the current fiscal, despite low growth in the world economy.  Stating that the government has been taking measures to enhance industrial production and growth, the Minister said the India’s economy grew 7.1% during the period of April-September of the financial year 2016-17.  “Despite subdued growth in the world economy, India has maintained a GDP growth rate of 7.2% in 2014-15, 7.6% in 2015-16 and 7.1% during April to September of 2016-17,” Sitharaman said in a written response during the Question Hour in Lok Sabha.  She also said that the major responsibility of industrial growth of backward areas lies with the ...

The Dollar Business Bureau India’s retail inflation slowed to 5.5% in August, the sharpest in over five months after recording 6% in July, thereby giving the Reserve Bank of India window to undertake policy rate cut in its upcoming monetary review later this year. Food inflation went up 5.91% but vegetable inflation cooled down to 1.02% last month from a 14% sharp increase in July.  The indices of industrial production for the mining, manufacturing and electricity, however, for July registered a negative growth of 0.8%, 3.4% and 1.6% over the corresponding period of last year. The cumulative growth of these three sectors during April-July 2016 stood at 2.0%, (-1.4) % and 7.1% respectively, over the corresponding period of last year. In terms of industries, ...

The Dollar Business Bureau The production of core industries in India dropped in May, after increasing consecutively for five months, due to decline in output in a few sectors, including cement and steel. Index of Eight Core Industries (ECI), the measure to select factory production, which represents key infrastructure sectors, moved up a little  by 2.8 percent in the month of May in the wake of lower output of refinery products and electricity, revealed a data issued by the Ministry of Commerce and Industry. In April 2016, the ECI had surged by 8.5 percent and 4.4 percent in the same month in 2015. The index consists of 38 percent of the overall weightage of products that are included in the Index of Industrial Production (IIP). In ...

Source: PTI   The performance of consumer goods segment was also dismal as it recorded a meagre growth of 0.4 per cent in March compared to a contraction of 0.6 per cent a year ago. During 2014-15, the output of these goods grew at 3 per cent compared to a decline in production by 3.5 per cent. However, consumer durables performed well and recorded a growth of 8.7 per cent in March this year compared to contraction of 4.6 per cent. During the entire fiscal, the output of these goods grew by 11.2 per cent compared a decline in production by 12.6 per cent. The consumer non-durable goods output contracted by 4.4 per cent in March compared to a growth of 1.9 per cent ...