Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
20 April, 2024 20:59 IST
Industrial production grows 2% in January 2020
Source: IRIS | 13 Mar, 2020, 03.50PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

  The quick estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of January 2020 stands at 137.1, which is 2.0 percent higher as compared to the level in the month of January 2019. The cumulative growth for the period April-January 2019-20 over the corresponding period of the previous year stands at 0.5 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2020 stand at 124.3, 137.6 and 155.6 respectively, with the corresponding growth rates of 4.4 percent, 1.5 percent and 3.1 percent as compared to January 2019. The cumulative growth in these three sectors during April-January 2019-20 over the corresponding period of 2018-19 has been 1.0 percent, 0.3percent and 0.9percentrespectively.

In terms of industries, eleven out of the twenty three industry groups in the manufacturing sector have shown positive growth during the month of January 2020 as compared to the corresponding month of the previous year. The industry group 'Manufacture of tobacco products' has shown the highest positive growth of 22.8 percent followed by 14.1 percent in 'Manufacture of basic metals' and 9.0 percent in 'Manufacture of furniture'. On the other hand, the industry group 'Printing and reproduction of recorded media' has shown the highest negative growth of (-) 16.3percent followed by (-) 11.6 percent in 'Manufacture of computer, electronic and optical products' and (-) 10.6 percent in 'Manufacture of motor vehicles, trailers and semi-trailers'.



 Post Comment
Name Email
Comment
Security Code type    into this box
Economy Watch
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer