India’s Index of Industrial Production recorded growth of 3.5% in October 2024
India’s Index of Industrial Production recorded growth of 3.5% in October 2024
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:
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: –
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.
- 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.
- 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.
- 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.
- 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%).
- 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.
- 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.
- 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.
- 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.
- 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.
- Monthly Indices and Growth Rate (in %) of IIP for the last 13 months