Sunday 20th of August 2017

Follow Us

Breaking News

India's industrial input grows by 3.1 pc in April 2017 from last year

 New Delhi, June 12:- India’s industrial output grew at 3.1 percent in April 2017 from the corresponding period last year, according to the quick estimates of Index of Industrial Production (IIP), said the government on Monday.

 

The General Index for the month of April 2017 stands at 117.9, which is 3.1 percent higher as compared to the level in the month of April 2016. The cumulative growth for the period April-March 2016-17 over the corresponding period of the previous year stands at 5.0 percent.

 

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of April 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.

 

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2017 stand at 99.9, 117.9 and 150.6 respectively, with the corresponding growth rates of 4.2 percent, 2.6 percent and 5.4 percent as compared to April 2016 (Statement I). The cumulative growth in these three sectors during April-March 2016-17 over the corresponding period of 2015-16 has been 5.4 percent, 4.9 percent and 5.8 percent respectively.

 

  In terms of industries, fourteen out of the twenty three industry groups ( as per 2-digit NIC-2008) in the manufacturing sector h ave shown positive growth during the month of April 2017 as compared to the corresponding month of the previous year (St atement II).

 

The industry group ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ has shown the highest positive growth of 29.1 percent followed by 17.9 percent in ‘Manufacture of tobacco 
 products’ and 9.5 percent in ‘Manufacture of machinery and equipment n.e.c.’. On the other hand, the industry group ‘Manufacture of beverages’ has shown the highest negative growth of (-) 19.2 percent followed by (-) 15.6 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and (-) 14.4 percent in ‘Manufacture of electrical equipment’.

 

 As per Use-based classification, the growth rates in April 2017 over April 2016 are 3.4 percent in Primary goods, (-) 1.3 percent in Capital goods, 4.6 percent in Intermediate goods and 5.8 percent in Infrastructure/ Construction Goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 6.0 percent and 8.3 percent respectively.

 

 Some important items showing high positive growth during the current month over the same month in previous year include ‘Digestive enzymes and antacids (incl. PPI drugs)’ (113.4%), ‘Printing machinery’ (57.2%), ‘Meters (electric and non-electric)’ (45.1%), ‘Bidi’ (38.7%), ‘Tea’ (33.8%), ‘HR plates of mild steel’ (26.6%), ‘Industrial Valves of different types- safety, relief and control valves(non-electronic, non-electrical)’ (25.2%), ‘HR coils and sheets  of mild steel’ (24.6%) and ‘Steel frameworks or skeletons for construction of towers including pit props’ (21.3%).

 

 Some important items that have registered high negative growth include ‘Shelled cashew kernel, whether or not processed/ roasted/ salted’ [(-) 72.9%], ‘Axle’ [(-) 60.3%], ‘API & formulations of hypo-lipidemic agents incl. anti-hyper-triglyceridemics; anti-hypertensive’ [(-) 44.8%], ‘Rice (excluding basmati)’ [(-) 39.9%], ‘Plastic jars, bottles and containers’ [(-) 39.7%],  ‘Air filters’ [(-) 31.9%], ‘Tooth Paste’ [(-) 31.8%],  ‘Air/ gas compressors of all types (incl. compressors for refrigerators)’ [(-) 31.6%], ‘Stainless steel utensils’ [(-) 29.6%], ‘Commercial Vehicles’ [(-) 28.8%], ‘Aerated drinks/ soft drinks (incl. soft drink concentrates)’ [(-) 26.5%], ‘Beer & other undistilled and fermented alcoholic liqueurs other than wines’ [(-) 26.1%] and ‘Vaccine for veterinary medicine’ [(-) 24.2%].

FM Media(FMM)

Related Business News

A day after Sikka's exit, Infosys decides to buy back shares up to Rs 13,000 crore

Mumbai, Aug 19:-- A day after the exit of Vishal Sikka as CEO, the Infosys Board on Saturday approved a share buyback programme of up to Rs 13,000 crore, reports said.    Infosys, India's second biggest IT firm, said that it would buy back shares up to Rs 13,000 crore at a fixed price of R....

Telecommunications sector to generate 30 lakh jobs by 2018: ASSOCHAM-KPMG

New Delhi, Aug 19:-- Roll out of 4G technology with an increase in data, entry of new players in the market, introduction of digital wallets, popularity of smart phone leading to consistent increase in demand for technology and other developments in the telecom sector likely to increase job opportun....

ICICI Bank signs MoU with Government of Odisha for e-governance services

Bhubaneswar, Aug 19:-- ICICI Bank, a private sector bank, on Friday said it has signed a Memorandum of Understanding (MoU) with the Department of Electronics & Information Technology, Government of Odisha to provide e-governance services to the people of the state.   This initiative will en....

Narayan Murthy says he will respond to Infosys Board's mail at the right time and at the right forum

Bengaluru, Aug 19:-- The war of words between the Infosys Board and founder Narayan Murthy got murkier on Friday with both sides alleging wrong-doing of the other.   While Infosys Board issued a detailed Press Release on Friday saying that  it has come to the attention of the Board that a ....

TRAI raises penalty for poor mobile services, including call drop

New Delhi, Aug 19:-- Telecom Regulatory Authority of India (TRAI) has raised the penalty on telecom operators to Rs five lakh for poor mobile service quality, including call drops, according to media reports on Friday.   TRAI will also measure call drops based on data collected on the performan....

Links
Contact
Editor :
Jagadananda Pradhan
Email :
fastmailmedia@gmail.com
fastmail@yahoo.com
Mob :(+91) 9437155542
Ph : 06764 223911
Contact Us
© 2015 Fast Mail Media Pvt Ltd. All Rights Reserved.
Developed by : FM Media Pvt Ltd.