According to the government, the General Index for the month of August 2013 stands at 165.7, which is 0.6pc higher as compared to the level in the month of August 2012. The cumulative growth for the period April-August 2013-14 over the corresponding period of the previous year stands at 0.1pc .
IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy and Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum and Natural Gas; Office of Textile Commissioner; Department of Chemicals and Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils and Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of SaltCommissioner and Coffee Board.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for August 2013 stand at 114.4, 175.7 and 163.1 respectively, with the corresponding growth rates of (-) 0.2pc , (-) 0.1pc and 7.2pc as compared to August 2012 . The cumulative growth in the three sectors during April-August 2013-14 over the corresponding period of 2012-13 has been (-) 3.4pc , (-) 0.1pc and 4.5pc respectively.
In terms of industries, fourteen (14) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in themanufacturing sector have shown positive growth during the month of August 2013 as compared to the correspondingmonth of the previous year.
The industry group 'Electrical machinery and apparatus n.e.c.' has shown the highest positive growth of 26.0pc , followed by 25.5pc in 'Wearing apparel; dressing and dyeing of fur' and 19.7pc in 'Tobacco products'. On the other hand, the industry group 'Radio, TV and communication equipment and apparatus' has shown a negative growth of 21.7pc followed by 21.6pc in 'Furniture; manufacturing n.e.c.' and 15.5pc in 'Machinery and equipment n.e.c.'.
As per Use-based classification, the growth rates in August 2013 over August 2012 are 1.5pc in Basic goods, (-) 2.0pc inCapital goods and 3.6pc in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 7.6pc and 5.0pc respectively, with the overall growth in Consumer goods being (-) 0.8pc .
Some of the important items showing high positive growth during the current month over the same month in previous year include 'Woollen Carpets' (67.7pc ), 'Apparels' (25.1pc ), 'Leather Garments' (26.6pc ), 'Aviation Turbine Fuel' (46.2pc ), 'Vitamins' (75.0pc ), 'Ayurvedic Medicaments' (80.6pc ), 'Steel Structures' (25.4pc ), 'Tractors' (32.2pc ), 'Cable, RubberInsulated' (284.5pc ) and 'Passenger Cars' (31.5pc ).
Some of the other important items showing high negative growth are: 'Rice' [(-) 38.0pc ], 'Stainless/ Alloy Steel' [(-) 25.8pc ], 'Boilers' [(-) 35.7pc ], 'Sealed Compressors' [(-) 50.4pc ], 'Air Conditioner (Room)' [(-) 52.3pc ], 'Heat Exchangers' [(-) 51.7pc ], 'Earth Moving Machinery' [(-) 45.8pc ], 'Sugar Machinery' [(-) 36.7pc ], 'Plastic Machinery Incl. Moulding Machinery' [(-) 33.7pc ], 'Cement Machinery' [(-) 48.0pc ], 'Aluminium Conductor' [(-) 31.7pc ], 'Generator/ Alternator' [(-) 72.7pc ], 'Telephone Instruments (incl. Mobile Phones and Accessories)' [(-) 23.9pc ] and 'Gems and Jewellery' [(-) 36.1pc ].
Along with the Q.E. of IIP for the month of August 2013, the indices for July 2013 have undergone the first revision and those for May 2013 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of July 2013 shall undergo final (second) revision along with the release of IIP for the month of October 2013.
--IBNS (Posted on 11-10-2013)