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CLR Snippets | Minister Statement on current Index of Industrial Production

CLR SnippetsShri 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 April 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 April 2013 over the corresponding month of the previous year is 2.0%. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are (-) 3.0%, 2.8% and 0.7% respectively. The Minister further added that as per use-based classification there has been positive growth in basic goods [1.3%], capital goods (1.0%), intermediate goods [2.4%] and consumer non-durables (12.3%) whereas negative growth has been registered in consumer durables [(-) 8.3%].

Tags: April 2013Central Statistics OfficeDurable goodEconomic growthIIPIndex of Industrial ProductionMinister of StateMinistry of Statistics & Programme Implementation

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