The following is the unedited transcript of the news release from Ministry of Statistics and Programme Implementation, Govt. of India

The Quick Estimates of Index of Industrial Production (IIP) with base 1993-94 for the month of April 2008 have been released by the Central Statistical Organisation of the Ministry of Statistics and Programme Implementation. The General Index stands at 268.3, which is 7.0% higher as compared to the level in the month of April 2007. The revised annual growth for the period April-March 2007-08 stands at 8.3% over the corresponding period of the previous year.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2008 stand at 175.0, 287.0, and 218.2 respectively, with the corresponding growth rates of 8.6%, 7.5% and 1.4% as compared to April 2007. The revised annual growth in the three sectors during April-March, 2007-08 over the corresponding period of 2006-07 has been 5.1%, 8.7% and 6.4% respectively, which moved the overall growth in the General Index to 8.3%.

In terms of industries, as many as fourteen (14) out of the seventeen (17) industry groups (as per 2-digit NIC-1987) have shown positive growth during the month of April 2008 as compared to the corresponding month of the previous year. The industry group ‘Beverages, Tobacco and Related Products’ have shown the highest growth of 30.7%, followed by 15.4% in ‘Basic Chemicals & Chemical Products (except products of Petroleum & Coal)’ and 11.4% in ‘Transport Equipment and Parts’. On the other hand, the industry group ‘Jute and Other Vegetables Fibre Textile (except Cotton)’ have shown a negative growth of 9.9% followed by 6.3% in ‘Food Products’ and 2.0% in ‘Textile Products (including Wearing Apparel)’.

As per Use-based classification, the Sectoral growth rates in April 2008 over April 2007 are 4.6% in Basic goods, 14.2% in Capital goods and 4.2% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 5.5% and 9.8% respectively, with the overall growth in Consumer goods being 8.9%.

Alongwith the Quick Estimates of IIP for April 2008, the indices for March 2008 have undergone the first revision and those for January 2008 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 February 2008 have already been released in May 2008 and these indices shall undergo final (second) revision in July 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 April 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