Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics & Programme Implementation announced the release of the monthly Quick Estimates of Index of Industrial Production (IIP) for the month of February 2013 compiled by the Central Statistics Office. The index is a composite indicator that measures the short term changes in the volume of industrial production. According to the index, the industrial growth for the month of February 2013 over the corresponding month of the previous year is 0.6%. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are (-) 8.1%, 2.2% and (-) 3.2% respectively. The Minister further added that as per use-based classification there has been positive growth in capital goods (9.5%) and consumer non-durables (2.9%) whereas negative growths have been registered in basic goods [(-) 1.8%], intermediate goods [(-) 0.7%] and consumer durables [(-) 2.7%].
Tags: Central Statistics Office, Economic growth, IIP, Index of Industrial Production, India, Minister of State, Ministry of Statistics & Programme Implementation, Shri Srikant Kumar Jena