The following is an unedited transcript of the news release from the Press Information Bureau, Government of India.


The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of March 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 297.8, which is 3.0% higher as compared to the level in the month of March 2007. The cumulative growth for the period April-March 2007-08 stands at 8.1% over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2008 stand at 203.7, 319.3, and 227.1 respectively, with the corresponding growth rates of 3.8%, 2.9% and 3.7% as compared to March 2007. The cumulative growth during April-March, 2007-08 over the corresponding period of 2006-07 in the three sectors have been 5.0%, 8.6% and 6.4% respectively, which moved the overall growth in the General Index to 8.1%.

In terms of industries, as many as twelve(12) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of March 2008 as compared to the corresponding month of the previous year. The industry group ‘Jute and Other Vegetable Fibre Textile (except cotton)’ have shown the highest growth of 62.7%, followed by 24.9% in ‘Other Manufacturing Industries’ and 12.7% in ‘Leather and Leather & Fur Products’. On the other hand, the industry group ‘Metal Products and Parts, except Machinery and Equipment’ have shown a negative growth of 25.8% followed by 5.8% in ‘Wood and Wood Products; Furniture and Fixtures’ and 5.5% in ‘Textile Products (including Wearing Apparel)’.

As per Use-based classification, the Sectoral growth rates in March 2008 over March 2007 are 3.1% in Basic goods, 8.6% in Capital goods and 3.5% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of (-)2.1% and 0.6% respectively, with the overall growth in Consumer goods being (-)0.1%.


Alongwith the Quick Estimates of IIP for March 2008, the indices for February 2008 have undergone the first revision and those for December 2007 have undergone the second (final) revision in the light of the updated data received from the source agencies. (It may be noted that revised indices (first revision) in respect of January 2008 have already been released in April 2008 and these indices shall undergo final (second) revision in June 2008).

Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC)-1987 and by Use-based classification for the month of March 2008, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.


Available at:

http://mospi.nic.in/stat_act_t2.htm