IIP data: India's industrial production grew 2% in June 2019

India’s industrial output grew 2 per cent in June 2019 as compared to the level in the month of June 2018, according to the Index of Industrial Production (IIP) data released by the government today. The quick estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of June 2019 stands at 130.2. The cumulative growth for the period April-June 2019 over the corresponding period of the previous year stands at 3.6 percent, the official statement said.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2019 stand at 106.6, 130.1 and 173.0 respectively, with the corresponding growth rates of 1.6 percent, 1.2 percent and 8.2 percent as compared to June 2018. The cumulative growth in these three sectors during April-June 2019 over the corresponding period of 2018 has been 3.0 percent, 3.1 percent and 7.2 percent respectively, said the government statement.

In terms of industries, eight out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of June 2019 as compared to the corresponding month of the previous year. The industry group ‘Manufacture of basic metals’ has shown the highest positive growth of 17.7 percent followed by 16.5 percent in ‘Manufacture of food products’ and 10.3 percent in ‘Manufacture of tobacco products’.

On the other hand, the industry group ‘Manufacture of paper and paper products’ has shown the highest negative growth of (-) 19.9 percent followed by (-) 14.3 percent in ‘Manufacture of furniture’ and (-) 13.9 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’.

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Along with the Quick Estimates of IIP for the month of June 2019, the indices for May 2019 have undergone the first revision and those for March 2019 have undergone the final revision in the light of the updated data received from the source agencies, the statement said, adding that the increase in first and final revisions is mainly due to increase in production related to steel items reported by concerned source agency.