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New Delhi: India’s Index of Industrial Manufacturing (IIP) for Might stood at 5.9 per cent, up from 5.7 per cent for a similar interval a 12 months in the past, in response to information launched by the Ministry of Statistics and Programme Implementation on Friday.
For Might 2024, the fast estimates of IIP with base 2011-12 stood at 154.2 in opposition to 145.6 in Might 2023.
The Indices of Industrial Manufacturing for the Mining, Manufacturing, and Electrical energy sectors for the month of Might 2024 stand at 136.5, 149.7 and 229.3, respectively.
As per Use-based classification, the indices stand at 160.9 for Major Items, 105.2 for Capital Items, 160.8 for Intermediate Items and 185.1 for Infrastructure/ Building Items for Might 2024. Additional, the indices for Shopper durables and Shopper non-durables stand at 129.8 and 153.3 respectively for Might 2024.
The IIP development price for Might 2024 over the corresponding interval of the earlier 12 months is 5.9 %.
The IIP development price in Might 2023 was 5.7 %. The expansion charges of the three sectors, Mining, Manufacturing and Electrical energy for the month of Might 2024 over Might 2023 are 6.6 %, 4.6 % and 13.7 % respectively.
Throughout the manufacturing sector, the expansion price of the highest three constructive contributors to the expansion of IIP for the month of Might 2024 is – “Manufacture of fundamental metals” (7.8 per cent), “Manufacture of prescription drugs, medicinal chemical and botanical merchandise” (7.5 per cent), and “Manufacture {of electrical} tools” (14.7 per cent).
The discharge of the Index for June 2024 shall be on Monday, August 12, 2024.
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