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TMI BlogIndia's Index of Industrial Production recorded growth of 3.1% in September 2024X X X X Extracts X X X X X X X X Extracts X X X X ..... India's Index of Industrial Production recorded growth of 3.1% in September 2024 - News and Press Release Dated:- 13-11-2024 - News - QUICK ESTIMATE OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF SEPTEMBER 2024 (BASE 2011-12=100) The Quick Estimates of Index of Industrial Production (IIP) are released on 12 th of every month (or previous working day if 12 th 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: The IIP growth rate for the month of September 2024 is 3.1 percent which wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s (-) 0.1 percent in the month of August 2024. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of September 2024 are 0.2 percent, 3.9 percent and 0.5 percent respectively. The Quick Estimates of IIP stands at 146.7 against 142.3 in September 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2024 stand at 111.7, 147.0 and 206.9 respectively. Within the manufacturing sector, top three positive contributors for the month of September 2024 are Manufacture of coke and refined petroleum products (5.3%), Manufacture of basic metals (2.5%), and Manufacture of electrical equipment (18.7%). As per the use base classification, the indic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es stand at 141.3 for Primary Goods, 115.8 for Capital Goods, 160.7 for Intermediate Goods and 178.5 for Infrastructure/ Construction Goods for the month of September 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 133.1 and 145.5 respectively. The corresponding growth rates of IIP as per Use-based classification in September 2024 over September 2023 are 1.8 percent in Primary goods, 2.8 percent in Capital goods, 4.2 percent in Intermediate goods, 3.3 percent in Infrastructure/ Construction Goods, 6.5 percent in Consumer durables and 2.0 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 September 2024 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are Intermediate goods, Consumer durables and Primary goods. Monthly Indices and Growth Rate (in %) of IIP for the last 13 months 3. Along with the Quick Estimates of IIP for the month of September 2024, the indices for August 2024 have undergone the first revision and those for June 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for September 2024, the first revision for August 2024 and the final revision for June 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 September 2024 at Sectoral, 2-digit level of National Industrial ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 October 2024 will be on Thursday, 12 th December 2024. Note: - This Press release (English and Hindi Version) is also available at the Ministry s Website - http://www.mospi.gov.in . Detailed information pertaining to IIP is available at https://mospi.gov.in/iip STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL (Base: 2011-12=100) Month Mining Manufacturing Electricity General (14.372472) (77.63321) (7.9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 94318) (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 128.1 136.5 143.1 150.4 201.6 229.3 145.6 154.7 Jun 122.3 134.9 141.6 146.6 205.2 222.8 143.9 151.0 Jul 111.9 116.1 142.1 148.3 204.0 220.2 142.7 149.4 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 127.4 142.1 203.8 144.9 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-Sep 118.1 122.9 141.9 147.2 204.9 217.3 143.5 149.3 Growth over the corresponding period of previous year Aug 12.3 -4.3 10.0 1.1 15.3 -3.7 10.9 -0.1 Sep* 11.5 0.2 5.1 3.9 9.9 0.5 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .4 3.1 Apr-Sep 8.7 4.1 5.9 3.7 6.1 6.1 6.2 4.0 * Figures for September 2024 are Quick Estimates. NOTE: Indices for the months of Aug '24 and Jun'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 Sep'23 Sep'24* Apr-Sep* Sep'24* Apr-Sep* 2023-24 2024-25 2024-25 10 Manufacture of food products 5.3025 114.6 119.6 122.5 119.3 4.4 -2.6 11 Manufacture of beverages 1.0354 101.6 101.5 112.1 116.5 -0.1 3.9 12 Manufacture of tobacco products 0.7985 89.8 91.3 81.3 80.5 1.7 -1.0 13 Manufacture of textiles 3.2913 108.4 109.6 107.5 107.7 1.1 0.2 14 Manufacture of wearing apparel 1.3225 102.4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 102.5 104.8 112.8 0.1 7.6 15 Manufacture of leather and related products 0.5021 91.8 89.8 96.9 96.2 -2.2 -0.7 16 Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 0.1930 108.1 107.3 98.5 100.9 -0.7 2.4 17 Manufacture of paper and paper products 0.8724 78.5 81.5 80.3 80.3 3.8 0.0 18 Printing and reproduction of recorded media 0.6798 87.5 84.8 88.9 85.5 -3.1 -3.8 19 Manufacture of coke and refined petroleum products 11.7749 122.4 128.9 131.1 134.8 5.3 2.8 20 Manufacture of chemicals and chemical products 7.8730 123.6 129.7 128.3 131.2 4.9 2.3 21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 220.1 223.4 230.1 228.1 1.5 -0.9 22 Manufac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ture of rubber and plastics products 2.4222 106.5 117.0 108.0 114.2 9.9 5.7 23 Manufacture of other non-metallic mineral products 4.0853 132.8 137.7 142.3 144.3 3.7 1.4 24 Manufacture of basic metals 12.8043 213.6 219.0 208.7 221.7 2.5 6.2 25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 97.1 99.7 88.5 93.2 2.7 5.3 26 Manufacture of computer, electronic and optical products 1.5704 149.4 147.5 124.7 135.1 -1.3 8.3 27 Manufacture of electrical equipment 2.9983 108.0 128.2 106.0 126.3 18.7 19.2 28 Manufacture of machinery and equipment n.e.c. 4.7653 127.0 130.5 120.1 121.9 2.8 1.5 29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 130.5 133.2 125.2 131.0 2.1 4.6 30 Manufacture of other transpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt equipment 1.7763 166.0 189.0 137.8 157.9 13.9 14.6 31 Manufacture of furniture 0.1311 185.1 246.0 178.8 227.5 32.9 27.2 32 Other manufacturing 0.9415 96.7 99.3 90.2 85.5 2.7 -5.2 05 Mining 14.3725 111.5 111.7 118.1 122.9 0.2 4.1 10-32 Manufacturing 77.6332 141.5 147.0 141.9 147.2 3.9 3.7 35 Electricity 7.9943 205.9 206.9 204.9 217.3 0.5 6.1 General Index 100.00 142.3 146.7 143.5 149.3 3.1 4.0 * Figures for September 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 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 024-25 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 141.8 150.1 102.1 114.1 153.8 163.6 170.3 178.1 117.0 126.7 153.5 146.9 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* 138.8 141.3 112.6 115.8 154.2 160.7 172.8 178.5 125.0 133.1 142.6 145.5 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .2 129.9 155.2 Average Apr-Sep 144.1 150.4 104.1 108.2 154.8 161.0 172.3 182.1 117.6 127.7 149.3 147.4 Growth over the corresponding period of previous year Aug 12.4 -2.6 13.1 0.5 7.4 3.0 15.7 2.2 6.0 5.3 9.9 -4.5 Sep* 8.0 1.8 8.4 2.8 6.1 4.2 10.1 3.3 1.0 6.5 2.7 2.0 Apr-Sep 6.3 4.4 7.0 3.9 4.5 4.0 13.0 5.7 -0.8 8.6 6.9 -1.3 * Figures for September 2024 are Quick Estimates. NOTE: Indices for the months of Aug '24 and Jun'24 incorporate updated production data. STATEMENT IV: MONTHLY INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL) (Base: 2011-12=100) Industry code Description Weight Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 10 Manufacture of food products 5.3025 114.6 123.5 141.5 160.8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 158.9 151.9 142.4 119.8 116.4 118.3 119.7 121.9 119.6 11 Manufacture of beverages 1.0354 101.6 99.6 100.7 101.3 112.6 120.0 124.2 123.8 136.4 125.2 111.9 100.0 101.5 12 Manufacture of tobacco products 0.7985 89.8 82.7 79.8 82.7 84.6 77.3 78.3 61.1 88.1 83.2 81.2 78.1 91.3 13 Manufacture of textiles 3.2913 108.4 110.2 102.7 112.3 109.7 104.1 106.9 105.3 107.0 106.2 108.7 109.5 109.6 14 Manufacture of wearing apparel 1.3225 102.4 97.8 92.9 113.1 117.3 125.6 143.0 105.1 123.6 122.6 111.5 111.5 102.5 15 Manufacture of leather and related products 0.5021 91.8 91.1 78.8 95.9 99.9 96.8 95.9 89.3 102.6 99.2 102.1 94.3 89.8 16 Manufacture of wood and products of wood and cork, +except furniture; manufacture of articles of straw and plaiting materia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls 0.1930 108.1 93.7 87.6 97.7 96.4 101.7 111.4 84.3 100.3 103.8 100.3 109.3 107.3 17 Manufacture of paper and paper products 0.8724 78.5 78.5 73.3 78.1 79.1 79.2 83.0 75.6 81.0 79.8 81.8 81.9 81.5 18 Printing and reproduction of recorded media 0.6798 87.5 87.0 84.1 95.5 91.3 88.8 91.6 82.1 91.9 85.3 84.7 84.0 84.8 19 Manufacture of coke and refined petroleum products 11.7749 122.4 125.7 132.9 141.9 134.7 131.2 142.4 135.4 140.7 132.2 140.9 130.8 128.9 20 Manufacture of chemicals and chemical products 7.8730 123.6 126.5 119.5 127.5 127.6 125.4 132.3 127.0 133.2 131.7 135.3 130.1 129.7 21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 4.9810 220.1 212.8 244.3 286.3 245.6 205.6 228.0 244.4 245.0 218.8 224.5 212.7 22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.4 22 Manufacture of rubber and plastics products 2.4222 106.5 109.0 105.1 106.9 112.8 110.3 116.3 108.9 112.4 114.5 117.0 115.4 117.0 23 Manufacture of other non-metallic mineral products 4.0853 132.8 140.5 127.0 147.1 147.5 147.7 165.4 148.7 149.1 154.1 136.5 139.4 137.7 24 Manufacture of basic metals 12.8043 213.6 217.2 207.3 220.2 226.9 213.2 232.1 220.7 225.9 219.2 220.8 224.5 219.0 25 Manufacture of fabricated metal products, except machinery and equipment 2.6549 97.1 92.8 81.0 98.1 95.1 95.7 115.0 85.0 97.8 89.5 93.6 93.5 99.7 26 Manufacture of computer, electronic and optical products 1.5704 149.4 123.1 96.7 111.6 120.8 125.8 134.7 114.2 136.5 134.8 131.0 146.7 147.5 27 Manufacture of electrical equipment 2.9983 108.0 94.8 89.0 116 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .6 108.1 111.5 124.7 110.4 122.7 136.8 131.8 127.8 128.2 28 Manufacture of machinery and equipment n.e.c. 4.7653 127.0 123.3 109.1 115.5 116.4 121.0 145.4 108.0 118.1 125.3 126.3 123.2 130.5 29 Manufacture of motor vehicles, trailers and semi-trailers 4.8573 130.5 135.7 126.7 118.5 140.5 130.4 130.5 126.5 134.4 128.9 133.7 129.3 133.2 30 Manufacture of other transport equipment 1.7763 166.0 157.2 144.5 137.2 149.5 145.8 175.7 140.3 153.2 153.4 155.0 156.4 189.0 31 Manufacture of furniture 0.1311 185.1 176.8 144.5 197.4 199.0 227.7 296.4 220.8 246.0 217.0 209.3 226.0 246.0 32 Other manufacturing 0.9415 96.7 103.7 65.8 70.5 76.6 76.4 90.0 96.5 72.5 74.6 83.1 86.9 99.3 5 Mining 14.3725 111.5 127.4 131.3 139.5 144.3 139.7 156.2 130.9 136.5 134. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 116.1 107.1 111.7 10-32 Manufacturing 77.6332 141.5 142.1 139.3 151.6 150.8 144.4 156.2 144.6 150.4 146.6 148.3 146.0 147.0 35 Electricity 7.9943 205.9 203.8 176.3 181.6 197.1 187.2 204.2 212.0 229.3 222.8 220.2 212.3 206.9 General Index 100 142.3 144.9 141.1 152.3 153.6 147.1 160.0 148.0 154.7 151.0 149.4 145.7 146.7 * Figures for September 2024 are Quick Estimates NOTE: Indices for the months of Aug '24 and Jun'24 incorporate updated production data. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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