India’s Index of Industrial Production grows by 2.4 per cent in November 2023
India’s Index of Industrial Production grows by 2.4 per cent in November 2023
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.
For the month of November 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 141.0. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2023 stand at 131.1, 139.2 and 176.3 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.
As per Use-based classification, the indices stand at 143.8 for Primary Goods, 98.0 for Capital Goods, 151.4 for Intermediate Goods and 164.1 for Infrastructure/ Construction Goods for the month of November 2023. Further, the indices for Consumer durables and Consumer non-durables stand at 105.9 and 156.9 respectively for the month of November 2023.
Details of Quick Estimates of the Index of Industrial Production for the month of November 2023 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 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.
Along with the Quick Estimates of IIP for the month of November 2023, the indices for October 2023 have undergone the first revision and those for August 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for November 2023, the first revision for October 2023 and the final revision for August 2023 have been compiled at weighted response rates of 92 percent, 94 percent and 95 percent respectively.
Release of the Index for December 2023 will be on Monday, 12th February 2024.
Note: –
This Press release information is also available at the Website of the Ministry –http://www.mospi.gov.in
Press release in Hindi follows and shall be available at: https://www.mospi.gov.in/hi
STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base: 2011-12=100)
Month
Mining
Manufacturing
Electricity
General
(14.372472)
(77.63321)
(7.994318)
(100)
2022-23
2023-24
2022-23
2023-24
2022-23
2023-24
2022-23
2023-24
Apr
116.6
122.6
131.6
138.8
194.5
192.3
134.5
140.7
May
120.4
128.1
134.6
143.1
199.9
201.6
137.8
145.6
Jun
113.7
122.3
136.8
141.6
196.9
205.2
138.3
143.9
Jul
101.1
111.9
135.0
142.1
188.9
204.0
134.4
142.7
Aug
99.6
111.9
131.3
144.4
191.3
220.5
131.5
145.8
Sep
100.0
111.5
134.6
141.2
187.4
205.9
133.8
142.1
Oct
112.6
127.4
128.5
141.6
169.3
203.8
129.5
144.5
Nov*
122.7
131.1
137.5
139.2
166.7
176.3
137.7
141.0
Dec
132.6
144.9
179.4
145.9
Jan
136.1
145.5
186.6
147.4
Feb
129.2
137.6
174.0
139.3
Mar
154.2
147.5
188.0
151.7
Average
Apr-Nov
110.8
120.9
133.7
141.5
186.9
201.2
134.7
143.3
Growth over the corresponding period of previous year#
Nov*
9.7
6.8
6.7
1.2
12.7
5.8
7.6
2.4
Apr-Nov
4.7
9.1
5.1
5.8
9.8
7.7
5.6
6.4
* Figures for Nov’23 are Quick Estimates.
NOTE: Indices for the months of Aug’23 and Oct’23 incorporate updated production data.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020
STATEMENT II: INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Industry
code
Description
Weight
Index
Cumulative Index
Percentage growth #
Nov’22
Nov’23*
Apr-Nov*
Nov’23*
Apr-Nov*
2022-23
2023-24
2023-24
10
Manufacture of food products
5.3025
147.0
141.5
122.7
125.2
-3.7
2.0
11
Manufacture of beverages
1.0354
92.9
100.8
104.5
109.4
8.5
4.7
12
Manufacture of tobacco products
0.7985
93.3
79.3
88.0
81.2
-15.0
-7.7
13
Manufacture of textiles
3.2913
107.7
103.7
107.5
107.2
-3.7
-0.3
14
Manufacture of wearing apparel
1.3225
117.0
93.0
128.4
102.5
-20.5
-20.2
15
Manufacture of leather and related products
0.5021
94.3
79.0
94.2
93.9
-16.2
-0.3
16
Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
0.1930
103.9
88.4
105.8
96.6
-14.9
-8.7
17
Manufacture of paper and paper products
0.8724
77.7
75.1
82.7
79.9
-3.3
-3.4
18
Printing and reproduction of recorded media
0.6798
90.0
88.0
90.3
88.6
-2.2
-1.9
19
Manufacture of coke and refined petroleum products
11.7749
116.6
133.1
124.9
130.7
14.2
4.6
20
Manufacture of chemicals and chemical products
7.8730
124.6
119.8
129.9
127.1
-3.9
-2.2
21
Manufacture of pharmaceuticals, medicinal chemical and botanical products
4.9810
250.5
243.0
206.2
229.0
-3.0
11.1
22
Manufacture of rubber and plastics products
2.4222
103.3
105.1
104.3
107.7
1.7
3.3
23
Manufacture of other non-metallic mineral products
4.0853
131.7
128.0
131.0
140.3
-2.8
7.1
24
Manufacture of basic metals
12.8043
192.7
206.5
185.1
208.9
7.2
12.9
25
Manufacture of fabricated metal products, except machinery and equipment
2.6549
86.3
81.8
83.9
88.1
-5.2
5.0
26
Manufacture of computer, electronic and optical products
1.5704
127.0
95.3
142.5
120.8
-25.0
-15.2
27
Manufacture of electrical equipment
2.9983
107.5
89.4
95.8
102.6
-16.8
7.1
28
Manufacture of machinery and equipment n.e.c.
4.7653
110.5
109.5
109.5
119.2
-0.9
8.9
29
Manufacture of motor vehicles, trailers and semi-trailers
4.8573
113.9
124.4
113.7
126.5
9.2
11.3
30
Manufacture of other transport equipment
1.7763
131.6
144.5
130.2
141.1
9.8
8.4
31
Manufacture of furniture
0.1311
207.6
144.3
211.7
173.7
-30.5
-17.9
32
Other manufacturing
0.9415
77.5
66.0
90.6
88.9
-14.8
-1.9
05
Mining
14.3725
122.7
131.1
110.8
120.9
6.8
9.1
10-32
Manufacturing
77.6332
137.5
139.2
133.7
141.5
1.2
5.8
35
Electricity
7.9943
166.7
176.3
186.9
201.2
5.8
7.7
General Index
100.00
137.7
141.0
134.7
143.3
2.4
6.4
* Figures for Nov’23 are Quick Estimates.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020
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)
2022-23
2023-24
2022-23
2023-24
2022-23
2023-24
2022-23
2023-24
2022-23
2023-24
2022-23
2023-24
Apr
139.5
142.2
88.5
92.4
149.5
152.0
149.7
169.8
110.7
108.1
138.9
154.7
May
144.7
149.9
94.9
102.6
151.7
156.9
153.3
173.2
113.9
115.6
137.5
149.8
Jun
139.3
146.7
104.4
107.4
146.6
154.2
150.8
170.9
125.3
116.8
145.9
146.7
Jul
131.7
141.8
97.1
102.1
149.0
153.8
151.3
170.3
121.4
117.0
141.7
153.5
Aug
129.4
145.4
95.0
107.4
146.6
157.4
152.8
176.8
116.2
123.2
134.9
148.3
Sep
128.5
138.8
103.9
112.6
145.3
154.1
156.9
170.9
123.8
125.2
138.9
143.0
Oct
131.2
146.1
87.2
105.8
143.8
157.3
156.2
173.9
106.1
123.0
130.3
141.7
Nov*
132.6
143.8
99.1
98.0
146.3
151.4
161.7
164.1
111.9
105.9
162.7
156.9
Dec
145.0
100.1
154.1
170.9
108.8
174.4
Jan
149.9
104.9
155.6
176.9
108.8
164.4
Feb
139.9
104.9
145.1
165.7
108.3
154.8
Mar
158.3
123.0
159.4
181.7
118.6
147.5
Average
Apr-Nov
134.6
144.3
96.3
103.5
147.4
154.6
154.1
171.2
116.2
116.9
141.4
149.3
Growth over the corresponding period of previous year#
Nov*
4.8
8.4
20.7
-1.1
3.5
3.5
14.3
1.5
5.0
-5.4
10.0
-3.6
Apr-Nov
7.7
7.2
14.8
7.5
5.1
4.9
7.8
11.1
5.3
0.6
-2.2
5.6
* Figures for Nov’23 are Quick Estimates.
NOTE: Indices for the months of Aug’23 and Oct’23 incorporate updated production data.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020
STATEMENT IV: MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Ind
code
Description
Weight
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
10
Manufacture of food products
5.3025
155.5
158.0
146.8
147.2
137.8
123.2
113.6
121.6
123.9
116.0
123.7
141.5
11
Manufacture of beverages
1.0354
98.1
104.3
104.4
123.5
109.2
124.1
125.0
109.4
103.4
104.5
98.6
100.8
12
Manufacture of tobacco products
0.7985
90.6
92.4
77.9
95.5
67.1
83.7
93.8
71.8
81.4
90.2
82.0
79.3
13
Manufacture of textiles
3.2913
110.7
107.9
102.0
110.2
105.6
107.4
107.8
108.5
107.1
107.8
109.4
103.7
14
Manufacture of wearing apparel
1.3225
125.6
120.1
129.1
133.1
92.1
112.2
120.1
103.9
97.8
102.4
98.1
93.0
15
Manufacture of leather and related products
0.5021
98.4
99.4
94.9
106.2
97.7
101.1
103.4
95.1
92.4
91.7
91.1
79.0
16
Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
0.1930
111.4
93.2
95.1
108.1
89.4
98.7
98.0
98.4
98.5
107.0
94.7
88.4
17
Manufacture of paper and paper products
0.8724
84.5
84.3
75.1
83.1
79.8
77.9
81.3
82.1
82.3
79.0
81.7
75.1
18
Printing and reproduction of recorded media
0.6798
100.0
88.5
84.3
91.7
88.6
88.7
88.7
89.0
91.0
87.2
87.2
88.0
19
Manufacture of coke and refined petroleum products
11.7749
132.3
137.6
126.0
141.1
129.1
138.0
133.5
131.9
131.7
122.4
125.6
133.1
20
Manufacture of chemicals and chemical products
7.8730
129.5
130.2
122.8
130.1
126.6
133.8
130.5
128.6
126.8
123.7
127.2
119.8
21
Manufacture of pharmaceuticals, medicinal chemical and botanical products
4.9810
276.3
243.9
229.3
194.7
237.0
227.9
225.3
244.5
225.9
219.0
209.4
243.0
22
Manufacture of rubber and plastics products
2.4222
105.4
105.3
98.8
110.2
106.3
112.7
106.5
107.7
108.5
107.1
108.0
105.1
23
Manufacture of other non-metallic mineral products
4.0853
142.8
143.2
136.8
152.8
146.7
148.4
149.5
134.0
142.5
132.8
140.7
128.0
24
Manufacture of basic metals
12.8043
201.9
210.8
195.4
214.0
201.9
206.3
203.4
209.4
217.4
211.5
215.0
206.5
25
Manufacture of fabricated metal products, except machinery and equipment
2.6549
92.3
81.4
83.7
95.4
76.4
87.1
86.7
83.8
100.0
96.6
92.7
81.8
26
Manufacture of computer, electronic and optical products
1.5704
117.7
130.7
123.8
134.1
111.5
115.1
121.9
118.6
131.4
149.5
123.0
95.3
27
Manufacture of electrical equipment
2.9983
109.1
105.4
101.6
108.7
106.6
106.6
103.5
102.5
108.6
108.0
95.3
89.4
28
Manufacture of machinery and equipment n.e.c.
4.7653
115.5
113.0
115.5
141.3
107.7
116.2
123.7
119.9
126.3
127.1
122.9
109.5
29
Manufacture of motor vehicles, trailers and semi-trailers
4.8573
107.4
118.2
116.8
122.4
112.9
126.1
123.6
129.5
128.6
131.1
135.7
124.4
30
Manufacture of other transport equipment
1.7763
106.0
119.3
117.2
139.2
119.5
131.2
140.6
123.5
145.9
166.0
157.2
144.5
31
Manufacture of furniture
0.1311
198.4
173.0
173.3
210.9
144.7
179.9
183.0
190.6
189.5
181.5
176.4
144.3
32
Other manufacturing
0.9415
93.5
82.1
81.6
108.5
87.8
79.2
85.6
97.1
94.6
97.0
103.8
66.0
5
Mining
14.3725
132.6
136.1
129.2
154.2
122.6
128.1
122.3
111.9
111.9
111.5
127.4
131.1
10-32
Manufacturing
77.6332
144.9
145.5
137.6
147.5
138.8
143.1
141.6
142.1
144.4
141.2
141.6
139.2
35
Electricity
7.9943
179.4
186.6
174.0
188.0
192.3
201.6
205.2
204.0
220.5
205.9
203.8
176.3
General Index
100.0
145.9
147.4
139.3
151.7
140.7
145.6
143.9
142.7
145.8
142.1
144.5
141.0
Note: The figures for Sep’23, Oct’23 and Nov’23 are provisional
The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020
-
This Press release information is also available at the Website of the Ministry –http://www.mospi.gov.in
-
Press release in Hindi follows and shall be available at: https://www.mospi.gov.in/hi