TMI BlogQuick estimates of Index of Industrial Production and Use-Based Index for the month of December, 2017 (base 2011-12=100)X X X X Extracts X X X X X X X X Extracts X X X X ..... Quick estimates of Index of Industrial Production and Use-Based Index for the month of December, 2017 (base 2011-12=100) - News and Press Release Dated:- 13-2-2018 - News - The Quick Estimates of Index of Industrial Production (IIP) with base2011-12 for the month of December 2017 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 14 source agencies viz. (i) Department of Industrial Policy Promotion (DIPP); (ii) Indian Bureau of Mines; (iii) Central Electricity Authority; (iv) Joint Plant Committee, Ministry of Steel; (v) Ministry of Petroleum Natural Gas; (vi) Office of Textile Commissioner; (vii) Department of Chemicals Petrochemicals; (viii) Directorate of Sugar Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; and (xiv) Coffee Board. 2. The General Index for the month of December 2017 stands at 130.3, which is 7.1 percent higher as compared to the level in the month of December 2016. The cumulative growth for the period April-December 2017 over the corresponding peri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... od of the previous year stands at 3.7 percent. 3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2017standat115.5, 131.6 and 143.9 respectively, with the corresponding growth rates of 1.2 percent, 8.4 percent and 4.4 percent as compared to December 2016 (Statement I). The cumulative growth in these three sectors during April-December 2017 over the corresponding period of 2016 has been 2.8 percent, 3.8 percent and 5.1 percent respectively. 4.Interms of industries, sixteen out of the twenty three industry groups (asper 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of December 2017 as compared to the corresponding month of the previous year (Statement II).The industry group Manufacture of other transport equipment has shown the highest positive growth of 38.3 percent followed by 33.6 percent in Manufacture of pharmaceuticals, medicinal chemical and botanical products and 29.8 percent in Manufacture of computer, electronic and optical products . On the other hand, the industry group Manufacture of tobacco products has shown the highest negative growth of (-) 28 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .2 percent followed by (-) 22.3 percent in Other manufacturing and (-) 14.9 percent in Manufacture of electrical equipment . 5. Asper Use-based classification, the growth rates in December 2017overDecember 2016 are 3.7 percent in Primary goods, 16.4 percent in Capital goods, 6.2 percent in Intermediate goods and 6.7 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 0.9percent and 16.5 percent respectively. 6. Some important item groups showing high positive growth during the current month over the same month in previous year include Bodies of trucks, lorries and trailers (254.1%), API formulations of hypo-lipidemic agents incl. anti-hyper-triglyceridemics (e.g. simvastatin, atorvastatin, etc); anti-hypertensive (250.4%), Ship building and parts thereof (144.1%), Digestive enzymes and antacids (incl. PPI drugs) (88.4%), Meters (electric and non-electric) (77.1%), Separators including decanter centrifuge (67.8%), Axle (48.7%), Commercial Vehicles (40.6%), Two-wheelers (motorcycles/ scooters) (36.0%) and Cement- all types (20.4%). 7.Someimportant item groups that have r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egistered high negative growth include Electric heaters [(-) 91.8%], Jewellery of gold (studded with stones or not) [(-) 72.1%], Hand Tools incl. interchangeable tools, not mechanised [(-) 63.2%], Other tobacco products [(-) 50.0%], Plastic jars, bottles and containers [(-)38.1%], Bags/ pouches of HDPE/ LDPE (plastic) [(-) 35.6%], Medical/ surgical accessories [(-) 34.3%], Plastic components of packing/ closing/ bottling articles of electrical fittings [(-) 28.3%], Material handling, lifting and hoisting equipment [(-) 27.7%], Paper of all kinds excluding newsprint [(-) 26.8%], Telephones and mobile instruments [(-) 25.7%] and Readymade Garments, knitted [(-) 22.5%]. 8. Taking into account the weights, the dominant item groups (five each) which have positively and negatively contributed to the overall growth of IIP are given below: Item Group Weights (%) Contribution to IIP Growth High PositiveContributors Digestive enzymes and antacids (incl. PPI drugs) 0.22 2.2520 Cement- all types 2.16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.4127 Electricity 7.99 0.4010 Diesel 5.71 0.3853 Two-wheelers (motorcycles/ scooters) 1.36 0.3364 High Negative Contributors Electric heaters 0.25 -0.4577 Jewellery of gold (studded with stones or not) 0.44 -0.3199 Other tobacco products 0.24 -0.1913 Readymade Garments, knitted 0.23 -0.1625 Medical/ surgical accessories 0.35 -0.1217 9. Along with the Quick Estimates of IIP for the month of December 2017, the indices for November 2017have undergone the first revision and those for September 2017 have undergone the final revision in the light of the updated data received from the source agencies. 10. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Industrial Classification (NIC-2008) and by Use-based classification for the month of December 2017, along with the growth rates over the corresponding month of the previous year including the cumulative indices are enclosed. Note: - This Pressreleaseinformation is alsoavailable at the Website of the Ministry - http://www.mospi.nic.in Release of the indexforJanuary 2018will be on Monday, 12March 2018. Press release in Hindi follows and shall be available at: http://mospi.nic.in/hi STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL (Base : 2011-12=100) Month Mining Manufacturing Electricity General (14.3725) (77.6332) (7.9943) (100) 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 Apr 95.9 98.8 114.0 117.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 142.9 150.6 113.7 117.3 May 101.4 101.7 122.4 125.6 146.0 158.1 121.3 124.8 Jun 98.4 98.5 121.1 120.3 144.3 147.4 119.7 119.3 Jul 88.4 92.4 119.4 119.3 142.5 151.9 116.8 118.0 Aug 84.7 92.6 119.6 124.1 143.5 155.4 116.5 122.1 Sep 87.7 94.4 121.0 125.6 145.6 150.5 118.2 123.1 Oct 101.0 100.9 121.3 124.0 145.1 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 49.8 120.3 122.7 Nov 106.2 107.4 115.7 128.1 134.9 140.1 115.9 126.1 Dec* 114.1 115.5 121.4 131.6 137.8 143.9 121.7 130.3 Jan 114.4 123.1 138.9 123.1 Feb 110.5 119.7 130.2 119.2 Mar 127.7 132.7 147.9 133.2 Average ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Apr-Dec 97.5 100.2 119.5 124.0 142.5 149.7 118.2 122.6 Growth over the corresponding period of previous year Dec* 10.8 1.2 0.6 8.4 6.4 4.4 2.4 7.1 Apr-Dec 4.3 2.8 5.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.8 6.3 5.1 5.1 3.7 * Indices for Dec 2017 are Quick Estimates. NOTE : Indices for the months of Sep'17 and Nov'17 incorporate updated production data. STATEMENT II: INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL) (Base: 2011-12=100) Industry Description Weight Index Cumulative Index Percentage growth code Dec'16 Dec'17* Apr-Dec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dec'17* Apr-Dec (NIC 2008) 2016-17 2017-18 2017-18 10 Manufacture of food products 5.3025 118.2 131.7 96.5 100.7 11.4 4.4 11 Manufacture of beverages 1.0354 95.2 101.5 106.9 102.7 6.6 -3.9 12 Manufacture of tobacco products 0.7985 118.4 85.0 111.9 96.6 -28.2 -13.7 13 Manufacture of textiles 3.2913 114.0 120.2 117.5 116.4 5.4 -0.9 14 Manufacture of wearing apparel 1.3225 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 59.6 138.1 148.0 132.6 -13.5 -10.4 15 Manufacture of leather and related products 0.5021 107.8 125.5 121.3 122.8 16.4 1.2 16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 97.8 98.9 92.1 91.7 1.1 -0.4 17 Manufacture of paper and paper products 0.8724 111.4 108.2 115.2 109.4 -2.9 -5.0 18 Printing and reproduction of recorded media 0.6798 118.9 106.1 106.0 101.8 -10.8 -4.0 19 Manufacture of coke and refined petroleum products ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11.7749 124.3 131.3 118.8 122.4 5.6 3.0 20 Manufacture of chemicals and chemical products 7.8730 112.8 119.0 115.9 114.9 5.5 -0.9 21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 172.6 230.6 164.2 207.2 33.6 26.2 22 Manufacture of rubber and plastics products 2.4222 122.9 114.2 121.3 111.2 -7.1 -8.3 23 Manufacture of other non-metallic mineral products 4.0853 103.8 118.7 110.1 110.5 14.4 0.4 24 Manufacture of basic metals 12.8043 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 133.2 139.7 129.2 135.3 4.9 4.7 25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 111.3 117.0 104.3 103.7 5.1 -0.6 26 Manufacture of computer, electronic and optical products 1.5704 106.5 138.2 125.4 145.9 29.8 16.3 27 Manufacture of electrical equipment 2.9983 129.9 110.5 125.4 106.6 -14.9 -15.0 28 Manufacture of machinery and equipment n.e.c. 4.7653 114.4 126.0 110.0 115.7 10.1 5.2 29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 90.9 114.4 100.4 110.5 25.9 10.1 30 Manufacture of other transport equipment 1.7763 83.6 115.6 119.0 133.0 38.3 11.8 31 Manufacture of furniture 0.1311 182.6 224.2 174.1 180.7 22.8 3.8 32 Other manufacturing 0.9415 121.7 94.6 119.4 109.6 -22.3 -8.2 05 Mining 14.3725 114.1 115.5 97.5 100.2 1.2 2.8 10-32 Manufacturing 77.633 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 121.4 131.6 119.5 124.0 8.4 3.8 35 Electricity 7.9943 137.8 143.9 142.5 149.7 4.4 5.1 General Index 100.00 121.7 130.3 118.2 122.6 7.1 3.7 * Figures for Dec 2017 are Quick Estimates. STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED (Base :2011-12=100) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Primary goods Capital goods Intermediate goods Infrastructure/ Construction goods Consumer durables Consumer non-durables Month (34.0486) (8.2230) (17.2215) (12.3384) (12.8393) (15.3292) 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 Apr 113.1 116.5 93.4 88.9 115.4 119.6 119.6 125.2 120.6 119.7 113.5 123.5 May 117.6 122.0 101.3 99.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 122.5 123.3 130.9 130.8 124.3 125.1 128.4 140.9 Jun 116.7 116.4 106.3 99.8 121.5 120.0 128.9 130.2 121.9 117.6 122.3 128.2 Jul 113.2 115.7 97.6 96.5 123.2 119.8 119.5 124.6 119.9 117.0 123.3 128.3 Aug 110.0 117.8 94.8 101.7 123.6 123.0 124.9 128.3 122.8 128.1 122.6 131.4 Sep 109.8 117.0 99.0 107.6 121.2 123.8 124.7 125.3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 135.4 129.9 123.9 136.9 Oct 119.2 122.1 94.3 100.5 122.3 122.6 124.8 131.7 130.7 119.5 122.1 131.8 Nov 117.0 120.8 98.7 108.6 117.7 125.3 113.7 129.5 118.3 122.1 120.5 148.7 Dec* 123.3 127.9 97.3 113.3 121.9 129.5 125.8 134.2 116.8 117.8 131.3 152.9 Jan 122.0 98.8 123.9 128.7 116.7 138.5 Feb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 115.2 101.9 120.7 122.6 115.4 136.5 Mar 132.5 134.7 134.1 135.6 128.2 135.4 Average Apr-Dec 115.5 119.6 98.1 101.8 121.0 123.0 123.6 128.9 123.4 121.9 123.1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 135.8 Growth over the corresponding period of previous year Dec* 7.4 3.7 -6.2 16.4 2.1 6.2 5.5 6.7 -5.0 0.9 -0.2 16.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Apr-Dec 5.4 3.5 3.4 3.8 3.4 1.7 5.1 4.3 4.8 * Indices for Dec 2017 are Quick Estimates. NOTE : Indices for the months of Sep'17 and Nov'17 incorporate updated production data. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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