INDEX OF INDUSTRIAL PRODUCTION RISES TO 10.3% IN AUGUST 2023

Ministry of Statistics & Programme Implementation

INDEX OF INDUSTRIAL PRODUCTION RISES TO 10.3% IN AUGUST 2023

QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF AUGUST 2023 (BASE 2011-12=100)

Posted On: 12 OCT 2023 5:30PM by PIB Delhi

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th 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.

For the month of August 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 145.1. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2023 stand at 111.9, 143.5 and 220.5 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

index_of_industrial_production_rises_to_103pct_in_august_2023

As per Use-based classification, the indices stand at 145.4 for Primary Goods, 107.0 for Capital Goods, 156.1 for Intermediate Goods and 175.5 for Infrastructure/ Construction Goods for the month of August 2023. Further, the indices for Consumer durables and Consumer non-durables stand at 122.8 and 147.0 respectively for the month of August 2023.

Details of Quick Estimates of the Index of Industrial Production for the month of August 2023 at Sectoral, 2-digit level of National Industrial 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.

Along with the Quick Estimates of IIP for the month of August 2023, the indices for July 2023 have undergone the first revision and those for May 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for August 2023, the first revision for July 2023 and the final revision for May 2023 have been compiled at weighted response rates of 92 percent, 94 percent and 95 percent respectively.

Release of the Index for September 2023 will be on Friday, 10th November 2023.

Note: –

This Press release information is also available at the Website of the Ministry -http://www.mospi.gov.in Press release in Hindi follows and shall be available at:

https://www.mospi.gov.in/hi

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL

(Base: 2011-12=100)

Month	Mining		Manufacturing		Electricity		General
	(14.372472)		(77.63321)		(7.994318)		(100)
	2022-23	2023-24	2022-23	2023-24	2022-23	2023-24	2022-23	2023-24
Apr	116.6	122.6	131.6	138.8	194.5	192.3	134.5	140.7
May	120.4	128.1	134.6	143.1	199.9	201.6	137.8	145.6
Jun	113.7	122.3	136.8	141.1	196.9	205.2	138.3	143.5
Jul	101.1	111.9	135.0	141.8	188.9	204.0	134.4	142.5
Aug*	99.6	111.9	131.3	143.5	191.3	220.5	131.5	145.1
Sep	100.0		134.6		187.4		133.8
Oct	112.6		128.5		169.3		129.5
Nov	122.7		137.5		166.7		137.7
Dec	132.6		144.9		179.4		145.9
Jan	136.1		145.5		186.6		147.4
Feb	129.2		137.6		174.0		139.3
Mar	154.2		147.5		188.0		151.7
Average

Apr-Aug	110.3	119.4	133.9	141.7	194.3	204.7	135.3	143.5

Growth over the corresponding period of previous year#

Aug*	-3.9	12.3	-0.5	9.3	1.4	15.3	-0.7	10.3

Apr-Aug	4.2	8.3	8.0	5.8	10.6	5.4	7.7	6.1

* Figures for Aug’23 are Quick Estimates.

NOTE : Indices for the months of May’23 and Jul’23
incorporate updated production data.

#The growth rates over corresponding period of previous
year are to be interpreted considering the unusual
circumstances on account of COVID 19 pandemic since
March 2020

STATEMENT II: INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Industry code	Description						Weight		Index				Cumulative Index				Percentage growth #
									Aug’22		Aug’23*		Apr-Aug*				Aug’23*		Apr-Aug*
													2022-23		2023-24				2023-24
10	Manufacture of food products						5.3025		118.1		121.5		120.7		123.4		2.9		2.2
11	Manufacture of beverages						1.0354		91.8		100.4		111.5		112.3		9.4		0.7
12	Manufacture of tobacco products						0.7985		75.8		81.4		86.9		79.7		7.4		-8.3
13	Manufacture of textiles						3.2913		105.2		106.9		109.2		107.2		1.6		-1.8
14	Manufacture of wearing apparel						1.3225		117.8		97.7		136.2		105.4		-17.1		-22.6
15	Manufacture of leather and related products						0.5021		89.5		93.0		98.0		98.2		3.9		0.2
16	Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials						0.1930		101.5		98.6		108.8		96.6		-2.9		-11.2
17	Manufacture of paper and paper products						0.8724		82.7		82.3		84.6		80.7		-0.5		-4.6
18	Printing and reproduction of recorded media						0.6798		88.2		90.7		91.4		89.0		2.8		-2.6
19	Manufacture of coke and refined petroleum products						11.7749		119.5		131.7		128.1		132.8		10.2		3.7
20	Manufacture of chemicals and chemical products						7.8730		131.9		126.2		132.3		129.0		-4.3		-2.5
21	Manufacture of pharmaceuticals, medicinal chemical and botanical products						4.9810		192.7		225.0		201.2		231.9		16.8		15.3
22	Manufacture of rubber and plastics products						2.4222		103.8		108.0		105.0		107.9		4.0		2.8
23	Manufacture of other non-metallic mineral products						4.0853		123.9		142.4		133.0		144.4		14.9		8.6
24	Manufacture of basic metals						12.8043		185.9		215.0		182.0		206.5		15.7		13.5
25	Manufacture of fabricated metal products, except machinery and equipment						2.6549		80.5		98.5		83.9		87.4		22.4		4.2
26	Manufacture of computer, electronic and optical products						1.5704		144.1		131.6		143.2		119.7		-8.7		-16.4
27	Manufacture of electrical equipment						2.9983		92.0		108.3		94.9		105.6		17.7		11.3
28	Manufacture of machinery and equipment n.e.c.						4.7653		112.0		125.9		109.3		118.4		12.4		8.3
29	Manufacture of motor vehicles, trailers and semi-trailers						4.8573		114.7		128.5		113.8		124.0		12.0		9.0
30	Manufacture of other transport equipment						1.7763		134.8		145.9		125.5		132.1		8.2		5.3
31	Manufacture of furniture						0.1311		238.8		182.0		214.0		175.9		-23.8		-17.8
32	Other manufacturing						0.9415		99.3		94.8		91.4		88.8		-4.5		-2.8

05	Mining						14.3725		99.6		111.9		110.3		119.4		12.3		8.3
10-32	Manufacturing						77.6332		131.3		143.5		133.9		141.7		9.3		5.8
35	Electricity						7.9943		191.3		220.5		194.3		204.7		15.3		5.4

	General Index						100.00		131.5		145.1		135.3		143.5		10.3		6.1
* Figures for Aug’23 are Quick Estimates.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020
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)
	2022-23	2023-24	2022-23	2023-24	2022-23	2023-24		2022-23		2023-24		2022-23		2023-24		2022-23		2023-24
Apr	139.5	142.2	88.5	92.4	149.5	152.0		149.7		169.8		110.7		108.1		138.9		154.7
May	144.7	149.9	94.9	102.6	151.7	156.9		153.3		173.2		113.9		115.6		137.5		149.8
Jun	139.3	146.7	104.4	106.5	146.6	153.3		150.8		170.3		125.3		116.9		145.9		146.4
Jul	131.7	141.7	97.1	101.5	149.0	152.6		151.3		170.1		121.4		118.2		141.7		152.9
Aug*	129.4	145.4	95.0	107.0	146.6	156.1		152.8		175.5		116.2		122.8		134.9		147.0
Sep	128.5		103.9		145.3			156.9				123.8				138.9
Oct	131.2		87.2		143.8			156.2				106.1				130.3
Nov	132.6		99.1		146.3			161.7				111.9				162.7
Dec	145.0		100.1		154.1			170.9				108.8				174.4
Jan	149.9		104.9		155.6			176.9				108.8				164.4
Feb	139.9		104.9		145.1			165.7				108.3				154.8
Mar	158.3		123.0		159.4			181.7				118.6				147.5
Average

Apr-Aug	136.9	145.2	96.0	102.0	148.7	154.2		151.6		171.8		117.5		116.3		139.8		150.2

Growth over the corresponding period of previous year#

Aug*	1.7	12.4	4.3	12.6	1.3	6.5		3.0		14.9		-4.4		5.7		-9.0		9.0

Apr-Aug	9.1	6.1	18.4	6.3	7.8	3.7		7.7		13.3		14.0		-1.0		-1.8		7.4

* Figures for Aug’23 are Quick Estimates.
NOTE: Indices for the months of May’23 and Jul’23 incorporate updated production data.
#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

STATEMENT IV: MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Ind	Description	Weight	Sep-22	Oct-22	Nov-22	Dec-22	Jan-23	Feb-23	Mar-23	Apr-23	May-23	Jun-23	Jul-23	Aug-23
code
10	Manufacture of food products	5.3025	115.6	115.3	147.0	155.5	158.0	146.8	147.2	137.8	123.2	113.5	120.8	121.5
11	Manufacture of beverages	1.0354	95.3	89.9	92.9	98.1	104.3	104.4	123.5	109.2	124.1	121.4	106.2	100.4
12	Manufacture of tobacco products	0.7985	94.6	81.7	93.3	90.6	92.4	77.9	95.5	67.1	83.7	93.8	72.4	81.4
13	Manufacture of textiles	3.2913	103.9	102.3	107.7	110.7	107.9	102.0	110.2	105.6	107.4	107.7	108.4	106.9
14	Manufacture of wearing apparel	1.3225	125.2	103.7	117.0	125.6	120.1	129.1	133.1	92.1	112.2	120.4	104.4	97.7
15	Manufacture of leather and related products	0.5021	92.3	76.9	94.3	98.4	99.4	94.9	106.2	97.7	101.1	103.5	95.7	93.0
16	Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	0.1930	103.6	94.9	103.9	111.4	93.2	95.1	108.1	89.4	98.7	98.0	98.4	98.6
17	Manufacture of paper and paper products	0.8724	81.6	79.5	77.7	84.5	84.3	75.1	83.1	79.8	77.9	81.1	82.2	82.3
18	Printing and reproduction of recorded media	0.6798	90.9	84.2	90.0	100.0	88.5	84.3	91.7	88.6	88.7	88.8	88.1	90.7
19	Manufacture of coke and refined petroleum products	11.7749	119.2	122.7	116.6	132.3	137.6	126.0	141.1	129.1	138.0	133.5	131.7	131.7
20	Manufacture of chemicals and chemical products	7.8730	131.2	122.1	124.6	129.5	130.2	122.8	130.1	126.6	133.8	130.1	128.1	126.2
21	Manufacture of pharmaceuticals, medicinal chemical and botanical products	4.9810	205.0	188.1	250.5	276.3	243.9	229.3	194.7	237.0	227.9	225.4	244.4	225.0
22	Manufacture of rubber and plastics products	2.4222	105.0	101.3	103.3	105.4	105.3	98.8	110.2	106.3	112.7	106.0	106.3	108.0
23	Manufacture of other non-metallic mineral products	4.0853	126.8	124.5	131.7	142.8	143.2	136.8	152.8	146.7	148.4	149.6	135.0	142.4
24	Manufacture of basic metals	12.8043	185.7	192.2	192.7	201.9	210.8	195.4	214.0	201.9	206.3	201.7	207.7	215.0
25	Manufacture of fabricated metal products, except machinery and equipment	2.6549	87.9	77.8	86.3	92.3	81.4	83.7	95.4	76.4	87.1	86.8	88.3	98.5
26	Manufacture of computer, electronic and optical products	1.5704	163.8	132.8	127.0	117.7	130.7	123.8	134.1	111.5	115.1	122.2	118.2	131.6
27	Manufacture of electrical equipment	2.9983	100.0	84.1	107.5	109.1	105.4	101.6	108.7	106.6	106.6	103.6	102.7	108.3
28	Manufacture of machinery and equipment n.e.c.	4.7653	121.0	98.2	110.5	115.5	113.0	115.5	141.3	107.7	116.2	121.9	120.4	125.9
29	Manufacture of motor vehicles, trailers and semi-trailers	4.8573	117.7	108.8	113.9	107.4	118.2	116.8	122.4	112.9	126.1	123.9	128.7	128.5
30	Manufacture of other transport equipment	1.7763	155.0	127.5	131.6	106.0	119.3	117.2	139.2	119.5	131.2	140.6	123.5	145.9
31	Manufacture of furniture	0.1311	226.9	189.2	207.6	198.4	173.0	173.3	210.9	144.7	179.9	183.3	189.5	182.0
32	Other manufacturing	0.9415	111.2	79.4	77.5	93.5	82.1	81.6	108.5	87.8	79.2	85.8	96.6	94.8

5	Mining	14.3725	100.0	112.6	122.7	132.6	136.1	129.2	154.2	122.6	128.1	122.3	111.9	111.9
10-32	Manufacturing	77.6332	134.6	128.5	137.5	144.9	145.5	137.6	147.5	138.8	143.1	141.1	141.8	143.5
35	Electricity	7.9943	187.4	169.3	166.7	179.4	186.6	174.0	188.0	192.3	201.6	205.2	204.0	220.5

	General Index	100.0	133.8	129.5	137.7	145.9	147.4	139.3	151.7	140.7	145.6	143.5	142.5	145.1
Note: The figures for Jun’23, Jul’23 and Aug’23 are provisional

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