New Delhi, Jan 11 (IBNS) The industrial growth for the month of Nov 2012 over the corresponding month of the previous year is down by 0.1 percent, according to the Quick Estimates of Index of Industrial Production (IIP) and Use-Based Index for the month released by the government on Friday.
The General Index for Nov 2012 stands at 167.3, which is 0.1% lower as compared to the level in the month of Nov 2011.
The cumulative growth for the period April-Nov 2012-13 over the corresponding period of the previous year stands at 1.0%.
The IIP with base 2004-05 for Nov 2012 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.
IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP);Indian Bureau of Mines; Central Electricity Authority;Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.
The Indices of Industrial Production for the Mining,Manufacturing and Electricity sectors for Nov 2012 stand at 121.7, 178.3 and 149.1 respectively, with the corresponding growth rates of (-) 5.5%, 0.3% and 2.4% as compared to Nov 2011.
The cumulative growth in the three sectors during April-Nov 2012-13 over the corresponding period of 2011-12 has been (-) 1.5%, 1.0% and 4.4% respectively.
In terms of industries, thirteen (13) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown negative growth during Nov 2012 as compared to the corresponding month of the previous year.
The industry group 'Publishing, printing and reproduction of recorded media' has shown the highest negative growth of 22.1%, followed by 21.8% in 'Office, accounting and computing machinery' and 18.9% in 'Wood and products of wood & cork except furniture; articles of straw & plating materials'.
On the other hand, the industry group 'Electrical machinery and apparatus n.e.c.' has shown a positive growth of 25.1% followed by 15.7% in 'Luggage, handbags, saddlery, harness and footwear; tanning and dressing of leather products' and 15.3% in 'Radio, TV and communication equipment and apparatus'.
As per Use-based classification, the growth rates in Nov 2012 over Nov 2011 are 1.7% in Basic goods, (-) 7.7% in Capital goods and (-) 1.1% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 1.9% and 0.3% respectively, with the overall growth in Consumer goods being 1.0%.
Some of the important items showing high negative growth during the current month over the same month in previous year include 'Block Board' [(-) 27.1%], 'Newspapers' [(-) 22.7%], 'Furnace Oil' [(-) 28.0%], 'PVC Pipes & Tubes' [(-) 33.1%], 'Grinding wheels' [(-) 43.7%], 'Stampings & Forgings' [(-) 28.2%], 'Razor Blades/Safety Blades' [(-) 28.4%], 'Air Conditioner (Room)' [(-) 36.6%], 'Tractors' [(-) 20.5%], 'Drilling Equipment' [(-) 57.7%], 'Plastic Machinery incl. Moulding Machinery' [(-) 40.4%] and 'Commercial Vehicles' [(-) 28.3%].
Some of the other important items showing high positive growth are: 'Rice' (21.3%), 'Cotton Yarn' (21.9%), 'Petroleum Coke' (82.4%), 'Antibiotics & its Preparations' (28.4%), 'Carbon Steel' (18.8%), 'Stainless/ Alloy Steel' (19.7%), 'CR Sheets' (34.1%), 'HR Coils/ Skelp' (24.3%), 'Conductor, Aluminium' (78.7%), 'Cable, Rubber Insulated' (45.3%) and 'Telephone Instruments including Mobile Phones and Accessories' (18.1%),.