Skip links

India’s Index of Industrial Production recorded growth of 3.5% in October 2024

Author: Published on: Published in: Press Release

QUICK ESTIMATE OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF OCTOBER 2024 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

1.        Key Highlights:

  1.  The IIP growth rate for the month of October 2024 is 3.5 percent which was 3.1 percent in the month of September 2024.
  2.  The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of October 2024 are 0.9 percent, 4.1 percent and 2.0 percent respectively.
  3.  The Quick Estimates of IIP stands at 149.9 against 144.9 in October 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2024 stand at 128.5, 147.9 and 207.8 respectively.
  4. Within the manufacturing sector, 18 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in October 2024 over October 2023. The top three positive contributors for the month of October 2024 are – “Manufacture of basic metals” (3.5%), “Manufacture of electrical equipment” (33.1%) and “Manufacture of coke and refined petroleum products” (5.6%).
  5. In the industry group “Manufacture of basic metals”, item groups “Pipes and tubes of Steel”, “Galvanized products of Steel (including colour coated tin plates, TMBP and Tin free steel)”, “Bars and Rods of Mild steel” have shown significant contribution in growth.
  6. In the industry group “Manufacture of electrical equipment”, item groups “Electric heaters”, “Transformers (Small)”, “End facing connector for optical fibres and cables” have shown significant contribution in growth.
  7. In the industry group “Manufacture of coke and refined petroleum products” item groups “Petrol/ motor spirit”, “Aviation Turbine Fuel (ATF)”, “Liquefied Petroleum Gas (LPG)” have shown significant contribution in growth.
  8.  As per the use base classification, the indices stand at 149.9 for Primary Goods, 109.4 for Capital Goods, 163.4 for Intermediate Goods and 183.0 for Infrastructure/ Construction Goods for the month of October 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 130.2 and 146.3 respectively.
  9.  The corresponding growth rates of IIP as per Use-based classification in October 2024 over October 2023 are 2.6 percent in Primary goods, 3.1 percent in Capital goods, 3.7 percent in Intermediate goods, 4.0 percent in Infrastructure/ Construction Goods, 5.9 percent in Consumer durables and 2.7 percent in Consumer non-durables (Statement III).  Based on use-based classification, top three positive contributors to the growth of IIP for the month of October 2024 are – Primary goods, Intermediate goods, and Consumer durables.
  10.   Monthly Indices and Growth Rate (in %) of IIP for the last 13 months

India's Index of Industrial Production recorded growth of 3.5% in October 2024 Indawirenow.com

2.       Along with the Quick Estimates of IIP for the month of October 2024, the indices for September 2024 have undergone the first revision and those for July 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for October 2024, the first revision for September 2024 and the final revision for July 2024 have been compiled at weighted response rates of 96 percent, 94 percent and 91 percent respectively.

3.     Details of Quick Estimates of the Index of Industrial Production for the month of October 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 13 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

4.     Release of the Index for November 2024 will be on Friday, 10th January 2025.

Note: –

  1. This Press release (English and Hindi Version) is also available at the Ministry’s Website -http://www.mospi.gov.in.
  2. Detailed information pertaining to IIP is available at https://mospi.gov.in/iip and https://esankhyiki.mospi.gov.in/

 

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base: 2011-12=100)
Month Mining Manufacturing Electricity General
(14.372472) (77.63321) (7.994318) (100.00)
2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25
Apr 122.6 130.9 138.8 144.6 192.3 212.0 140.7 148.0
May 128.1 136.5 143.1 150.4 201.6 229.3 145.6 154.7
Jun 122.3 134.9 141.6 146.6 205.2 222.8 143.9 151.0
Jul 111.9 116.1 142.1 148.8 204.0 220.2 142.7 149.8
Aug 111.9 107.1 144.4 146.0 220.5 212.3 145.8 145.7
Sep 111.5 111.7 141.5 147.0 205.9 206.9 142.3 146.7
Oct* 127.4 128.5 142.1 147.9 203.8 207.8 144.9 149.9
Nov 131.3 139.3 176.3 141.1
Dec 139.5 151.6 181.6 152.3
Jan 144.3 150.8 197.1 153.6
Feb 139.7 144.4 187.2 147.1
Mar 156.2 156.2 204.2 160.0
Average
Apr-Oct 119.4 123.7 141.9 147.3 204.8 215.9 143.7 149.4
Growth over the corresponding period of previous year
Sep 11.5 0.2 5.1 3.9 9.9 0.5 6.4 3.1
Oct* 13.1 0.9 10.6 4.1 20.4 2.0 11.9 3.5
Apr-Oct 9.4 3.6 6.5 3.8 8.0 5.4 7.0 4.0
* Figures for October 2024 are Quick Estimates.
NOTE: Indices for the months of Sep’24 and Jul’24 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 Oct’23 Oct’24* Apr-Oct* Oct’24* Apr-Oct*
2023-24 2024-25 2024-25
10 Manufacture of food products 5.302 123.5 129.5 122.6 120.8 4.9 -1.5
11 Manufacture of beverages 1.035 99.6 103.0 110.3 114.8 3.4 4.1
12 Manufacture of tobacco products 0.798 82.7 92.0 81.5 82.1 11.2 0.7
13 Manufacture of textiles 3.291 110.2 111.4 107.9 108.3 1.1 0.4
14 Manufacture of wearing apparel 1.322 97.8 104.7 103.8 111.8 7.1 7.7
15 Manufacture of leather and related products 0.502 91.1 87.9 96.1 95.0 -3.5 -1.1
16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.193 93.7 103.1 97.8 100.9 10.0 3.2
17 Manufacture of paper and paper products 0.872 78.5 79.2 80.1 80.0 0.9 -0.1
18 Printing and reproduction of recorded media 0.680 87.0 78.7 88.6 84.5 -9.5 -4.6
19 Manufacture of coke and refined petroleum products 11.775 125.7 132.8 130.3 134.5 5.6 3.2
20 Manufacture of chemicals and chemical products 7.873 126.5 129.0 128.1 130.8 2.0 2.1
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.981 212.8 217.7 227.6 226.7 2.3 -0.4
22 Manufacture of rubber and plastics products 2.422 109.0 116.9 108.2 114.5 7.2 5.8
23 Manufacture of other non-metallic mineral products 4.085 140.5 144.9 142.1 144.2 3.1 1.5
24 Manufacture of basic metals 12.804 217.2 224.8 209.9 222.4 3.5 6.0
25 Manufacture of fabricated metal products, except machinery and equipment 2.655 92.8 100.3 89.1 94.2 8.1 5.7
26 Manufacture of computer, electronic and optical products 1.570 123.1 123.8 124.4 133.4 0.6 7.2
27 Manufacture of electrical equipment 2.998 94.8 126.2 104.4 126.3 33.1 21.0
28 Manufacture of machinery and equipment n.e.c. 4.765 123.3 120.4 120.6 121.8 -2.4 1.0
29 Manufacture of motor vehicles, trailers and semi-trailers 4.857 135.7 133.5 126.7 131.3 -1.6 3.6
30 Manufacture of other transport equipment 1.776 157.2 184.5 140.6 161.7 17.4 15.0
31 Manufacture of furniture 0.131 176.8 225.7 178.5 227.2 27.7 27.3
32 Other manufacturing 0.941 103.7 92.1 92.1 86.5 -11.2 -6.1
05 Mining 14.3725 127.4 128.5 119.4 123.7 0.9 3.6
10-32 Manufacturing 77.6332 142.1 147.9 141.9 147.3 4.1 3.8
35 Electricity 7.9943 203.8 207.8 204.8 215.9 2.0 5.4
General Index 100.00 144.9 149.9 143.7 149.4 3.5 4.0

* Figures for October 2024 are Quick Estimates

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base :2011-12=100)

 

Primary goods Capital goods Intermediate goods Infrastructure/ construction goods Consumer durables Consumer non-durables
Month (34.048612) (8.223043) (17.221487) (12.338363) (12.839296) (15.329199)
2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25 2023-24 2024-25
Apr 142.2 152.2 92.4 95.0 152.0 157.8 169.8 184.2 108.1 119.5 154.7 150.9
May 149.9 160.9 102.6 105.3 156.9 162.4 173.2 186.3 115.6 130.2 149.8 154.0
Jun 146.7 156.0 107.4 111.3 154.2 159.1 170.9 184.9 116.8 127.1 146.7 145.2
Jul 141.8 150.1 102.1 114.0 153.8 164.6 170.3 179.7 117.0 126.6 153.5 147.1
Aug 145.4 141.6 107.4 107.9 157.4 162.2 176.8 180.7 123.2 129.7 148.3 141.7
Sep 138.8 141.3 112.6 116.6 154.2 159.8 172.8 178.4 125.0 133.1 142.6 145.7
Oct* 146.1 149.9 106.1 109.4 157.5 163.4 175.9 183.0 123.0 130.2 142.4 146.3
Nov 143.8 98.0 151.3 164.2 106.5 157.2
Dec 151.9 103.8 159.8 180.3 114.5 179.7
Jan 154.3 108.3 163.8 186.6 121.4 164.9
Feb 148.2 106.7 157.6 179.5 121.9 149.9
Mar 163.1 131.6 169.2 195.2 129.9 155.2
Average
Apr-Oct 144.4 150.3 104.4 108.5 155.1 161.3 172.8 182.5 118.4 128.1 148.3 147.3
Growth over the corresponding period of previous year
Sep 8.0 1.8 8.4 3.6 6.1 3.6 10.1 3.2 1.0 6.5 2.7 2.2
Oct* 11.4 2.6 21.7 3.1 9.5 3.7 12.6 4.0 15.9 5.9 9.3 2.7
Apr-Oct 7.0 4.1 8.9 3.9 5.2 4.0 12.9 5.6 1.4 8.2 7.2 -0.7

 

* Figures for October 2024 are Quick Estimates.
NOTE: Indices for the months of Sep’24 and Jul’24 incorporate updated production data.
 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Industry code Description Weight Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24
10 Manufacture of food products 5.3025 123.5 141.5 160.8 158.9 151.9 142.4 119.8 116.4 118.3 119.9 121.9 120.1 129.5
11 Manufacture of beverages 1.0354 99.6 100.7 101.3 112.6 120.0 124.2 123.8 136.4 125.2 112.9 100.0 102.0 103.0
12 Manufacture of tobacco products 0.7985 82.7 79.8 82.7 84.6 77.3 78.3 61.1 88.1 83.2 81.3 78.1 91.2 92.0
13 Manufacture of textiles 3.2913 110.2 102.7 112.3 109.7 104.1 106.9 105.3 107.0 106.2 109.1 109.5 109.6 111.4
14 Manufacture of wearing apparel 1.3225 97.8 92.9 113.1 117.3 125.6 143.0 105.1 123.6 122.6 111.7 111.5 103.6 104.7
15 Manufacture of leather and related products 0.5021 91.1 78.8 95.9 99.9 96.8 95.9 89.3 102.6 99.2 102.0 94.3 89.6 87.9
16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 93.7 87.6 97.7 96.4 101.7 111.4 84.3 100.3 103.8 99.1 109.3 106.7 103.1
17 Manufacture of paper and paper products 0.8724 78.5 73.3 78.1 79.1 79.2 83.0 75.6 81.0 79.8 81.7 81.9 81.1 79.2
18 Printing and reproduction of recorded media 0.6798 87.0 84.1 95.5 91.3 88.8 91.6 82.1 91.9 85.3 84.4 84.0 85.1 78.7
19 Manufacture of coke and refined petroleum products 11.7749 125.7 132.9 141.9 134.7 131.2 142.4 135.4 140.7 132.2 140.9 130.8 128.9 132.8
20 Manufacture of chemicals and chemical products 7.8730 126.5 119.5 127.5 127.6 125.4 132.3 127.0 133.2 131.7 135.2 130.1 129.4 129.0
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 212.8 244.3 286.3 245.6 205.6 228.0 244.4 245.0 218.8 224.7 212.7 223.3 217.7
22 Manufacture of rubber and plastics products 2.4222 109.0 105.1 106.9 112.8 110.3 116.3 108.9 112.4 114.5 116.9 115.4 116.6 116.9
23 Manufacture of other non-metallic mineral products 4.0853 140.5 127.0 147.1 147.5 147.7 165.4 148.7 149.1 154.1 136.3 139.4 137.2 144.9
24 Manufacture of basic metals 12.8043 217.2 207.3 220.2 226.9 213.2 232.1 220.7 225.9 219.2 223.7 224.5 218.3 224.8
25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 92.8 81.0 98.1 95.1 95.7 115.0 85.0 97.8 89.5 93.7 93.5 99.4 100.3
26 Manufacture of computer, electronic and optical products 1.5704 123.1 96.7 111.6 120.8 125.8 134.7 114.2 136.5 134.8 130.9 146.7 146.8 123.8
27 Manufacture of electrical equipment 2.9983 94.8 89.0 116.6 108.1 111.5 124.7 110.4 122.7 136.8 131.8 127.8 128.2 126.2
28 Manufacture of machinery and equipment n.e.c. 4.7653 123.3 109.1 115.5 116.4 121.0 145.4 108.0 118.1 125.3 126.2 123.2 131.6 120.4
29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 135.7 126.7 118.5 140.5 130.4 130.5 126.5 134.4 128.9 133.5 129.3 133.2 133.5
30 Manufacture of other transport equipment 1.7763 157.2 144.5 137.2 149.5 145.8 175.7 140.3 153.2 153.4 155.0 156.4 189.0 184.5
31 Manufacture of furniture 0.1311 176.8 144.5 197.4 199.0 227.7 296.4 220.8 246.0 217.0 209.2 226.0 246.0 225.7
32 Other manufacturing 0.9415 103.7 65.8 70.5 76.6 76.4 90.0 96.5 72.5 74.6 83.3 86.9 99.5 92.1
5 Mining 14.3725 127.4 131.3 139.5 144.3 139.7 156.2 130.9 136.5 134.9 116.1 107.1 111.7 128.5
10-32 Manufacturing 77.6332 142.1 139.3 151.6 150.8 144.4 156.2 144.6 150.4 146.6 148.8 146.0 147.0 147.9
35 Electricity 7.9943 203.8 176.3 181.6 197.1 187.2 204.2 212.0 229.3 222.8 220.2 212.3 206.9 207.8
General Index 100 144.9 141.1 152.3 153.6 147.1 160.0 148.0 154.7 151.0 149.8 145.7 146.7 149.9

 

* Figures for October 2024 are Quick Estimates

  NOTE: Indices for the months of Sep’24 and Jul’24 incorporate updated production data.

 

 

Original News Source: Press Information Bureau

You may also like

Leave a comment