India's industrial output grows by 2.4% in December, 2018
Business & Economy

India's industrial output grows by 2.4% in December, 2018

NetIndian News Network

New Delhi, February 12, 2019

India's industrial output grew by 2.4 percent in December, 2018 as compared to the level in the same month of the previous year, official data released here today said.
Industrial production growth had slowed down to 0.5% in the previous month after recording 8.1% in October, 2018 -- a one-year high.
The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of December, 2018 released here today by the Ministry of Statistics and Programe Implementation said the General Index for the month stood at 133.7.
The cumulative growth for the period April-December, 2018 over the corresponding period of the previous year stood at 4.6%, an official statement, quoting the data, said.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for December, 2018 stood at 114.4, 135.5 and 150.3, respectively, with the corresponding growth rates of (-) 1.0%, 2.7% and 4.4% as compared to December, 2017.
The cumulative growth in these three sectors during April-December,  2018 over the corresponding period of 2017 was 3.1%, 4.7% and 6.4%, respectively.
The statement said 13 of the 23 industry groups in the manufacturing sector showed positive growth during December, 2018 as compared to the corresponding month of the previous year,
The industry group ‘Manufacture of tobacco products’ showed the highest growth of 27.9% followed by 17.9% in ‘Manufacture of other transport equipment’ and 16.5% in ‘Manufacture of wearing apparel’. 
On the other hand, the industry group ‘Manufacture of furniture’ showed the highest negative growth of (-) 18.7% followed by (-) 16.4%  in ‘Other manufacturing’ and (-) 5.4% in ‘Manufacture of coke and refined petroleum products’.
The growth rates in December 2018 over December 2017 were (-) 1.2% in Primary goods, 5.9% in Capital goods, (-) 1.5% in Intermediate goods and 10.1% in Infrastructure/ Construction Goods. Consumer durables and Consumer non-durables recorded growth of 2.9% and 5.3%, respectively.
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