India's Industrial Production Grows 3.1 Per Cent In September: Govt Data

India's Industrial Production Grows 3.1 Per Cent In September: Govt Data

India’s industrial production grew 3.1 per cent in September, according to official data released on Friday. The Index of Industrial Production (IIP) had grown 4.4 per cent in September 2021.

As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector’s output grew by 1.8 per cent in September 2022.

The mining output rose 4.6 per cent and power generation increased 11.6 per cent during the month.

According to the release, for September, the IIP with base 2011-12 stands at 133.5. The Indices of Industrial Production for the mining, manufacturing, and electricity sectors for the month of September 2022 stand at 99.5, 134.3, and 187.4 respectively. These quick estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 128.2 for Primary Goods, 102.9 for Capital Goods, 145.8 for Intermediate Goods and 155.8 for Infrastructure/ Construction Goods for the month of September 2022.  Further, the indices for Consumer durables and Consumer non-durables stand at 125.1 and 136.9 respectively for the month of September 2022.

Along with the Quick Estimates of IIP for the month of September 2022, the indices for August 2022 have undergone the first revision and those for June 2022 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for September 2022, the first revision for August 2022 and the final revision for June 2022 have been compiled at weighted response rates of 90 per cent, 92 per cent, and 94 per cent, respectively.

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INDEX OF INDUSTRIAL PRODUCTION – SECTORAL

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2021-22

2022-23

2021-22

2022-23

2021-22

2022-23

2021-22

2022-23

Apr

107.6

116.6

124.6

131.6

174.0

194.5

126.1

134.5

May

108.3

120.4

111.5

134.6

161.9

199.9

115.1

137.8

Jun

105.5

113.7

121.2

136.8

169.1

196.9

122.8

138.3

Jul

104.6

101.1

131.0

134.9

184.7

188.9

131.5

134.4

Aug

103.6

99.6

131.9

131.3

188.7

191.3

132.4

131.5

Sep*

95.1

99.5

131.9

134.3

167.9

187.4

129.5

133.5

Oct

109.8

  136.4

  167.3

  135.0

  Nov

111.8

  128.9

  147.9

  128.0

  Dec

120.4

  139.8

  162.5

  138.8

  Jan

124.9

  139.2

  165.6

  139.3

  Feb

123.3

  129.9

  160.8

  131.4

  Mar

144.4

  145.3

  191.0

  148.8

  Average

                                  Apr-Sep

104.1

108.5

125.4

133.9

174.4

193.2

126.2

135.0

                  Growth over the corresponding period of previous year#

      Source: PIB