INDIA’S IIP RECORDS A GROWTH OF 4.8% IN THE JULY 2024.
INDIA’S IIP RECORDS A GROWTH OF 4.8% IN THE JULY 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.
2. Key Highlights:
3. Along with the Quick Estimates of IIP for the month of July 2024, the indices for June 2024 have undergone the first revision and those for April 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for July 2024, the first revision for June 2024 and the final revision for April 2024 have been compiled at weighted response rates of 91 percent, 94 percent and 96 percent respectively.
4. Details of Quick Estimates of the Index of Industrial Production for the month of July 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 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.
5. Release of the Index for August 2024 will be on Friday, 11th October 2024.
Note: –
STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base: 2011-12=100)
Month
Mining
Manufacturing
Electricity
General
(14.372472)
(77.63321)
(7.994318)
(100)
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
150.2
201.6
229.3
145.6
154.6
Jun
122.3
134.9
141.6
146.2
205.2
222.8
143.9
150.7
Jul*
111.9
116.0
142.1
148.6
204.0
220.2
142.7
149.6
Aug
111.9
144.4
220.5
145.8
Sep
111.5
141.5
205.9
142.3
Oct
127.4
142.1
203.8
144.9
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-Jul
121.2
129.6
141.4
147.4
200.8
221.1
143.2
150.7
Growth over the corresponding period of previous year
Jun
7.6
10.3
3.5
3.2
4.2
8.6
4.0
4.7
Jul*
10.7
3.7
5.3
4.6
8.0
7.9
6.2
4.8
Apr-Jul
7.3
6.9
5.1
4.2
2.9
10.1
5.1
5.2
* Figures for July 2024 are Quick Estimates.
NOTE: Indices for the months of Jun’24 and Apr’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
Jul’23
Jul’24*
Apr-Jul*
Jul’24*
Apr-Jul*
2023-24
2024-25
2024-25
10
Manufacture of food products
5.3025
121.6
119.4
124.1
118.1
-1.8
-4.8
11
Manufacture of beverages
1.0354
109.4
111.9
116.9
123.8
2.3
5.9
12
Manufacture of tobacco products
0.7985
71.8
81.2
79.1
78.4
13.1
-0.9
13
Manufacture of textiles
3.2913
108.5
108.5
107.3
106.7
0.0
-0.6
14
Manufacture of wearing apparel
1.3225
103.9
111.5
107.1
115.6
7.3
7.9
15
Manufacture of leather and related products
0.5021
95.1
101.7
99.3
98.2
6.9
-1.1
16
Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
0.1930
98.4
100.3
96.1
97.2
1.9
1.1
17
Manufacture of paper and paper products
0.8724
82.1
80.7
80.3
79.3
-1.7
-1.2
18
Printing and reproduction of recorded media
0.6798
89.0
85.8
88.8
86.3
-3.6
-2.8
19
Manufacture of coke and refined petroleum products
11.7749
131.9
141.0
133.1
137.4
6.9
3.2
20
Manufacture of chemicals and chemical products
7.8730
128.6
134.7
129.9
132.1
4.7
1.7
21
Manufacture of pharmaceuticals, medicinal chemical and botanical products
4.9810
244.5
224.7
233.7
233.1
-8.1
-0.3
22
Manufacture of rubber and plastics products
2.4222
107.7
117.2
108.3
113.0
8.8
4.3
23
Manufacture of other non-metallic mineral products
4.0853
134.0
136.5
144.7
147.1
1.9
1.7
24
Manufacture of basic metals
12.8043
209.4
222.8
205.3
221.0
6.4
7.6
25
Manufacture of fabricated metal products, except machinery and equipment
2.6549
83.8
93.0
83.5
91.4
11.0
9.5
26
Manufacture of computer, electronic and optical products
1.5704
118.6
131.0
116.8
129.5
10.5
10.9
27
Manufacture of electrical equipment
2.9983
102.5
131.5
104.8
125.3
28.3
19.6
28
Manufacture of machinery and equipment n.e.c.
4.7653
119.9
127.4
116.9
120.0
6.3
2.7
29
Manufacture of motor vehicles, trailers and semi-trailers
4.8573
129.5
133.7
123.0
130.9
3.2
6.4
30
Manufacture of other transport equipment
1.7763
123.5
155.0
128.7
150.5
25.5
16.9
31
Manufacture of furniture
0.1311
190.6
205.6
174.6
220.0
7.9
26.0
32
Other manufacturing
0.9415
97.1
83.1
87.4
81.7
-14.4
-6.5
05
Mining
14.3725
111.9
116.0
121.2
129.6
3.7
6.9
10-32
Manufacturing
77.6332
142.1
148.6
141.4
147.4
4.6
4.2
35
Electricity
7.9943
204.0
220.2
200.8
221.1
7.9
10.1
General Index
100.00
142.7
149.6
143.2
150.7
4.8
5.2
* Figures for July 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
2022-23
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
105.6
156.9
163.0
173.2
184.1
115.6
130.2
149.8
153.6
Jun
146.7
156.0
107.4
111.5
154.2
158.9
170.9
183.1
116.8
127.0
146.7
144.5
Jul*
141.8
150.1
102.1
114.4
153.8
164.3
170.3
178.7
117.0
126.6
153.5
146.8
Aug
145.4
107.4
157.4
176.8
123.2
148.3
Sep
138.8
112.6
154.2
172.8
125.0
142.6
Oct
146.1
106.1
157.5
175.9
123.0
142.4
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-Jul
145.2
154.8
101.1
106.6
154.2
161.0
171.1
182.5
114.4
125.8
151.2
149.0
Growth over the corresponding period of previous year
Jun
5.3
6.3
2.9
3.8
5.2
3.0
13.3
7.1
-6.8
8.7
0.5
-1.5
Jul*
7.7
5.9
5.1
12.0
3.2
6.8
12.6
4.9
-3.6
8.2
8.3
-4.4
Apr-Jul
4.6
6.6
5.1
5.4
3.4
4.4
13.1
6.7
-2.9
10.0
7.2
-1.5
* Figures for July 2024 are Quick Estimates.
NOTE: Indices for the months of Jun’24 and Apr’24 incorporate updated production data.
STATEMENT IV: MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Industry code
Description
Weight
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
10
Manufacture of food products
5.3025
123.9
114.6
123.5
141.5
160.8
158.9
151.9
142.4
119.8
116.7
116.4
119.4
11
Manufacture of beverages
1.0354
103.4
101.6
99.6
100.7
101.3
112.6
120.0
124.2
123.8
134.3
125.2
111.9
12
Manufacture of tobacco products
0.7985
81.4
89.8
82.7
79.8
82.7
84.6
77.3
78.3
61.1
87.8
83.6
81.2
13
Manufacture of textiles
3.2913
107.1
108.4
110.2
102.7
112.3
109.7
104.1
106.9
105.3
106.9
106.2
108.5
14
Manufacture of wearing apparel
1.3225
97.8
102.4
97.8
92.9
113.1
117.3
125.6
143.0
105.1
123.2
122.6
111.5
15
Manufacture of leather and related products
0.5021
92.4
91.8
91.1
78.8
95.9
99.9
96.8
95.9
89.3
102.4
99.4
101.7
16
Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
0.1930
98.5
108.1
93.7
87.6
97.7
96.4
101.7
111.4
84.3
100.3
103.9
100.3
17
Manufacture of paper and paper products
0.8724
82.3
78.5
78.5
73.3
78.1
79.1
79.2
83.0
75.6
81.1
79.9
80.7
18
Printing and reproduction of recorded media
0.6798
91.0
87.5
87.0
84.1
95.5
91.3
88.8
91.6
82.1
91.9
85.4
85.8
19
Manufacture of coke and refined petroleum products
11.7749
131.7
122.4
125.7
132.9
141.9
134.7
131.2
142.4
135.4
140.7
132.4
141.0
20
Manufacture of chemicals and chemical products
7.8730
126.8
123.6
126.5
119.5
127.5
127.6
125.4
132.3
127.0
134.7
131.8
134.7
21
Manufacture of pharmaceuticals, medicinal chemical and botanical products
4.9810
225.9
220.1
212.8
244.3
286.3
245.6
205.6
228.0
244.4
244.5
218.7
224.7
22
Manufacture of rubber and plastics products
2.4222
108.5
106.5
109.0
105.1
106.9
112.8
110.3
116.3
108.9
111.3
114.6
117.2
23
Manufacture of other non-metallic mineral products
4.0853
142.5
132.8
140.5
127.0
147.1
147.5
147.7
165.4
148.7
149.1
154.1
136.5
24
Manufacture of basic metals
12.8043
217.4
213.6
217.2
207.3
220.2
226.9
213.2
232.1
220.7
223.5
217.1
222.8
25
Manufacture of fabricated metal products, except machinery and equipment
2.6549
100.0
97.1
92.8
81.0
98.1
95.1
95.7
115.0
85.0
97.8
89.8
93.0
26
Manufacture of computer, electronic and optical products
1.5704
131.4
149.4
123.1
96.7
111.6
120.8
125.8
134.7
114.2
138.2
134.7
131.0
27
Manufacture of electrical equipment
2.9983
108.6
108.0
94.8
89.0
116.6
108.1
111.5
124.7
110.4
122.8
136.4
131.5
28
Manufacture of machinery and equipment n.e.c.
4.7653
126.3
127.0
123.3
109.1
115.5
116.4
121.0
145.4
108.0
118.6
125.9
127.4
29
Manufacture of motor vehicles, trailers and semi-trailers
4.8573
128.6
130.5
135.7
126.7
118.5
140.5
130.4
130.5
126.5
134.4
128.8
133.7
30
Manufacture of other transport equipment
1.7763
145.9
166.0
157.2
144.5
137.2
149.5
145.8
175.7
140.3
153.2
153.4
155.0
31
Manufacture of furniture
0.1311
189.5
185.1
176.8
144.5
197.4
199.0
227.7
296.4
220.8
240.9
212.6
205.6
32
Other manufacturing
0.9415
94.6
96.7
103.7
65.8
70.5
76.6
76.4
90.0
96.5
72.4
74.9
83.1
5
Mining
14.3725
111.9
111.5
127.4
131.3
139.5
144.3
139.7
156.2
130.9
136.5
134.9
116.0
10-32
Manufacturing
77.6332
144.4
141.5
142.1
139.3
151.6
150.8
144.4
156.2
144.6
150.2
146.2
148.6
35
Electricity
7.9943
220.5
205.9
203.8
176.3
181.6
197.1
187.2
204.2
212.0
229.3
222.8
220.2
General Index
100
145.8
142.3
144.9
141.1
152.3
153.6
147.1
160.0
148.0
154.6
150.7
149.6
* Figures for July 2024 are Quick Estimates.
NOTE: Indices for the months of Jun’24 and Apr’24 incorporate updated production data.
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- The IIP growth rate for the month of July 2024 is 4.8 percent which was 4.7% in the month of June 2024.
- The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of July 2024 are 3.7 percent, 4.6 percent and 7.9 percent respectively.
- The Quick Estimates of IIP stands at 149.6 against 142.7 in July 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2024 stand at 116.0, 148.6 and 220.2 respectively.
- Within the manufacturing sector, top three positive contributors for the month of July 2024 are – “Manufacture of basic metals” (6.4%), “Manufacture of coke and refined petroleum products” (6.9%), and “Manufacture of electrical equipment” (28.3%).
- As per the use base classification, the indices stand at 150.1 for Primary Goods, 114.4 for Capital Goods, 164.3 for Intermediate Goods and 178.7 for Infrastructure/ Construction Goods for the month of July 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 126.6 and 146.8 respectively.
- The corresponding growth rates of IIP as per Use-based classification in July 2024 over July 2023 are 5.9 percent in Primary goods, 12.0 percent in Capital goods, 6.8 percent in Intermediate goods, 4.9 percent in Infrastructure/ Construction Goods, 8.2 percent in Consumer durables and -4.4 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 July 2024 are – Primary goods, Intermediate goods and Consumer durables.
- Monthly Indices and Growth Rate (in %) of IIP for the last 13 months