Central Statistics Office of the Ministry of Statistics and Programme Implementation released the quick estimates of Index of Industrial Production (IIP) for November 2014 on January 12, 2015. India’s Index of Industrial Production was 3.80% in November 2014.
Government of India – India’s Index of Industrial Production (IIP) Grew at 3.80 Percent in November 2014
New Delhi (Delhi, India), October 17, 2019
India’s Index of Industrial Production was 3.80 percent higher in the month of November 2014 on a year-on-year basis, as compared to minus 4.20 percent growth in October 2014 and minus 1.32 percent growth in November 2013.
The Central Statistics Office of the Ministry of Statistics and Programme Implementation (MOSPI) released the quick estimates of Index of Industrial Production (IIP) for the month of November 2014 on Monday, January 12, 2015.
The Central Statistics Office has also revised upwards the annual industrial growth in India for September 2014 to 2.80 percent from the earlier estimate (provisional) of 2.60 percent year-on-year increase.
The cumulative growth for the period April 2014 to November 2014 stands at 2.20% over the corresponding period of the previous year.
India’s industrial production grew only by minus 0.10 percent in the April 2013-March 2014 period, as against 1.00 percent in April 2012-March 2013 and 2.80 percent in April 2011-March 2012 period.
Industry Groups in the Index of Industrial Production as Per 2-Digit NIC-2004
Index of Industrial Production is one of the prime indicators of the economic development in an economy detailing out the growth and trend of various sectors.
Classification of Industry Groups in the Index of Industrial Production
1. Mining and Quarrying
2. Manufacturing
3. Electricity
Manufacturing Sector
As per the 2-digit level of National Industrial Classification (NIC-2004), the data from following 22 industry groups in the manufacturing sector are included in compilation of the Index of Industrial Production:
1. Food Products and Beverages
2. Tobacco Products
3. Textiles
4. Wearing Apparel; Dressing and Dyeing of Fur
5. Luggage, Handbags, Saddlery, Harness and Footwear; Tanning and Dressing of Leather Products
6. Wood and Products of Wood and Cork except Furniture; Articles of Straw and Plating Materials
7. Paper and Paper Products
8. Publishing, Printing and Reproduction of Recorded Media
9. Coke, Refined Petroleum Products and Nuclear Fuel
10. Chemicals and Chemical Products
11. Rubber and Plastics Products
12. Other Non-Metallic Mineral Products
13. Basic Metals
14. Fabricated Metal Products, except Machinery and Equipment
15. Machinery and Equipment (N.E.C.)
16. Office, Accounting and Computing Machinery
17. Electrical Machinery and Apparatus (N.E.C.)
18. Radio, TV and Communication Equipment and Apparatus
19. Medical, Precision and Optical Instruments, Watches and Clocks
20. Motor Vehicles, Trailers and Semi-Trailers
21. Other Transport Equipment
22. Furniture; Manufacturing (N.E.C.)
Classification of Use-Based Industry Groups in the Index of Industrial Production
1. Basic Goods
2. Capital Goods
3. Intermediate Goods
4. Consumer Goods (Consumer Durables and Consumer Non-Durables)
Index of Industrial Production Series and Data Base Year
The new Index of Industrial Production series with a 2004-05 base was introduced in April 2011.
Index of Industrial Production is an abstract number. The scale of IIP represents the status of production in the industrial sector for a given period, as compared to a reference period. The Index of Industrial Production is computed using Laspeyre’s formula in which the weighted arithmetic mean of quantity relatives with weights being allotted to different items in ratio to value added by manufacture in the index base year.
Data Source Agencies for Index of Industrial Production Compilation
Index of Industrial Production is compiled using data received from the following 16 source agencies:
1. Department of Industrial Policy and Promotion (DIPP)
2. Central Electricity Authority
3. Coffee Board
4. Department of Chemicals and Petrochemicals
5. Department of Fertilizers
6. Directorate of Sugar
7. Directorate of Vanaspati, Vegetable Oils and Fats
8. Joint Plant Committee
9. Indian Bureau of Mines
10. Ministry of Petroleum and Natural Gas
11. Office of Coal Controller
12. Office of Jute Commissioner
13. Office of Textile Commissioner
14. Office of Salt Commissioner
15. Railway Board
16. Tea Board
Industrial growth data derived from the newly released Index of Industrial Production series illustrates that India, Asia’s third-largest economy, as having undergone a full-blown ‘recession’ instead of a simple ‘slowdown’ in the aftereffects of the global financial crisis from December 2008 to June 2009. During this seven-month period, the year-on-year growth rates fell to as low as minus 7.23 per cent in February 2009 and remained in the negative territory all through.
Current Industrial Growth Rate in India on Year-on-Year Basis (Base Year 2004-05)
April 2014 to November 2014: 2.20% Yearly
April 2013 to March 2014: -0.10% Yearly
April 2012 to March 2013: 1.00% Yearly
April 2011 to March 2012: 2.80% Yearly
April 2010 to March 2011: 8.16% Yearly
April 2009 to March 2010: 5.28% Yearly
April 2008 to March 2009: 2.52% Yearly
Expected Industrial Growth Rate in India for Next 4 Quarters on Year-on-Year Basis
First Quarter 2015: 1.62% Yearly (Forecast)
Second Quarter 2015: 1.58% Yearly (Forecast)
Third Quarter 2015: 0.94% Yearly (Forecast)
Fourth Quarter 2015: 0.95% Yearly (Forecast)
Expected Industrial Growth Rate in India for Next 3 Months on Year-on-Year Basis
December 2014: 2.67% Yearly (Forecast)
January 2015: 2.63% Yearly (Forecast)
February 2015: 4.19% Yearly (Forecast)
Historical Industrial Growth Rate in India for Last 248 Months on Year-on-Year Basis
Percent change in Index of Industrial Production over corresponding month of the previous year.
November 2014: 3.80% Yearly
October 2014: -4.20% Yearly
September 2014: 2.80% Yearly
August 2014: 0.48% Yearly
July 2014: 0.40% Yearly
June 2014: 3.90% Yearly
May 2014: 5.60% Yearly
April 2014: 3.72% Yearly
March 2014: -0.50% Yearly
February 2014: -1.80% Yearly
January 2014: 0.80% Yearly
December 2013: -0.16% Yearly
November 2013: -1.32% Yearly
October 2013: -1.16% Yearly
September 2013: 2.76% Yearly
August 2013: 0.43% Yearly
July 2013: 2.63% Yearly
June 2013: -1.85% Yearly
May 2013: -2.58% Yearly
April 2013: 1.46% Yearly
March 2013: 3.51% Yearly
February 2013: 0.63% Yearly
January 2013: 2.48% Yearly
December 2012: -0.50% Yearly
November 2012: -1.01% Yearly
October 2012: 8.30% Yearly
September 2012: – 0.70% Yearly
August 2012: 2.70% Yearly
July 2012: – 0.20% Yearly
June 2012: -1.80% Yearly
May 2012: 2.50% Yearly
April 2012: -1.30% Yearly
March 2012: -2.80% Yearly
February 2012: 4.20% Yearly
January 2012: 1.00% Yearly
December 2011: 2.70% Yearly
November 2011: 6.10% Yearly
October 2011: -4.90% Yearly
September 2011: 2.50% Yearly
August 2011: 3.40% Yearly
July 2011: 3.70% Yearly
June 2011: 9.50% Yearly
May 2011: 6.20% Yearly
April 2011: 5.30% Yearly
March 2011: 9.40% Yearly
February 2011: 6.70% Yearly
January 2011: 7.50% Yearly
December 2010: 8.10% Yearly
November 2010: 6.40% Yearly
October 2010: 11.30% Yearly
September 2010: 6.20% Yearly
August 2010: 4.50% Yearly
July 2010: 9.90% Yearly
June 2010: 7.40% Yearly
May 2010: 8.50% Yearly
April 2010: 13.10% Yearly
March 2010: 14.90% Yearly
February 2010: 13.70% Yearly
January 2010: 13.30% Yearly
December 2009: 9.50% Yearly
November 2009: 6.30% Yearly
October 2009: 2.40% Yearly
September 2009: 1.60% Yearly
August 2009: 5.30% Yearly
July 2009: 1.70% Yearly
June 2009: -1.80% Yearly
May 2009: -1.70% Yearly
April 2009: -1.90% Yearly
March 2009: -5.20% Yearly
February 2009: -7.20% Yearly
January 2009: -5.30% Yearly
December 2008: -1.60% Yearly
November 2008: 1.30% Yearly
October 2008: 3.90% Yearly
September 2008: 10.90% Yearly
August 2008: 5.40% Yearly
July 2008: 5.60% Yearly
June 2008: 8.50% Yearly
May 2008: 7.20% Yearly
April 2008: 11.00% Yearly
March 2008: 11.70% Yearly
February 2008: 16.80% Yearly
January 2008: 13.10% Yearly
December 2007: 13.50% Yearly
November 2007: 9.90% Yearly
October 2007: 19.60% Yearly
September 2007: 13.40% Yearly
August 2007: 17.80% Yearly
July 2007: 16.20% Yearly
June 2007: 19.70% Yearly
May 2007: 19.20% Yearly
April 2007: 17.80% Yearly
March 2007: 14.30% Yearly
February 2007: 13.70% Yearly
January 2007: 13.80% Yearly
December 2006: 13.70% Yearly
November 2006: 20.00% Yearly
October 2006: 9.60% Yearly
September 2006: 13.20% Yearly
August 2006: 9.80% Yearly
July 2006: 14.80% Yearly
June 2006: 9.90% Yearly
May 2006: 11.40% Yearly
April 2006: 9.80% Yearly
March 2006: 8.90% Yearly
February 2006: 8.80% Yearly
January 2006: 8.50% Yearly
December 2005: 5.70% Yearly
November 2005: 6.00% Yearly
October 2005: 9.80% Yearly
September 2005: 7.20% Yearly
August 2005: 7.60% Yearly
July 2005: 4.70% Yearly
June 2005: 12.20% Yearly
May 2005: 10.80% Yearly
April 2005: 8.10% Yearly
March 2005: 9.80% Yearly
February 2005: 5.90% Yearly
January 2005: 7.50% Yearly
December 2004: 8.90% Yearly
November 2004: 7.70% Yearly
October 2004: 10.60% Yearly
September 2004: 9.80% Yearly
August 2004: 8.60% Yearly
July 2004: 8.50% Yearly
June 2004: 7.30% Yearly
May 2004: 6.80% Yearly
April 2004: 8.90% Yearly
March 2004: 8.10% Yearly
February 2004: 8.30% Yearly
January 2004: 8.00% Yearly
December 2003: 7.40% Yearly
November 2003: 8.20% Yearly
October 2003: 6.20% Yearly
September 2003: 7.50% Yearly
August 2003: 5.70% Yearly
July 2003: 6.60% Yearly
June 2003: 6.70% Yearly
May 2003: 6.40% Yearly
April 2003: 4.20% Yearly
March 2003: 5.90% Yearly
February 2003: 7.00% Yearly
January 2003: 6.70% Yearly
December 2002: 6.20% Yearly
November 2002: 4.10% Yearly
October 2002: 7.00% Yearly
September 2002: 6.20% Yearly
August 2002: 6.20% Yearly
July 2002: 7.10% Yearly
June 2002: 4.50% Yearly
May 2002: 4.10% Yearly
April 2002: 4.10% Yearly
March 2002: 3.20% Yearly
February 2002: 2.40% Yearly
January 2002: 3.80% Yearly
December 2001: 3.00% Yearly
November 2001: 2.40% Yearly
October 2001: 3.20% Yearly
September 2001: 2.00% Yearly
August 2001: 3.00% Yearly
July 2001: 2.60% Yearly
June 2001: 2.60% Yearly
May 2001: 1.60% Yearly
April 2001: 2.50% Yearly
March 2001: 2.30% Yearly
February 2001: 2.90% Yearly
January 2001: 4.50% Yearly
December 2000: 3.50% Yearly
November 2000: 7.30% Yearly
October 2000: 6.60% Yearly
September 2000: 5.80% Yearly
August 2000: 4.90% Yearly
July 2000: 5.00% Yearly
June 2000: 5.90% Yearly
May 2000: 6.00% Yearly
April 2000: 6.50% Yearly
March 2000: 8.30% Yearly
February 2000: 8.20% Yearly
January 2000: 4.90% Yearly
December 1999: 8.10% Yearly
November 1999: 3.80% Yearly
October 1999: 8.40% Yearly
September 1999: 7.30% Yearly
August 1999: 7.30% Yearly
July 1999: 6.20% Yearly
June 1999: 4.80% Yearly
May 1999: 7.40% Yearly
April 1999: 4.70% Yearly
March 1999: 4.50% Yearly
February 1999: 3.50% Yearly
January 1999: 5.10% Yearly
December 1998: 4.30% Yearly
November 1998: 5.20% Yearly
October 1998: 0.00% Yearly
September 1998: 3.20% Yearly
August 1998: 4.70% Yearly
July 1998: 3.80% Yearly
June 1998: 5.40% Yearly
May 1998: 4.30% Yearly
April 1998: 4.90% Yearly
March 1998: 3.80% Yearly
February 1998: 7.00% Yearly
January 1998: 8.00% Yearly
December 1997: 7.10% Yearly
November 1997: 10.60% Yearly
October 1997: 7.00% Yearly
September 1997: 8.60% Yearly
August 1997: 5.40% Yearly
July 1997: 8.20% Yearly
June 1997: 6.50% Yearly
May 1997: 3.90% Yearly
April 1997: 4.20% Yearly
March 1997: 3.00% Yearly
February 1997: 2.30% Yearly
January 1997: 1.50% Yearly
December 1996: 3.80% Yearly
November 1996: 2.20% Yearly
October 1996: 8.70% Yearly
September 1996: 3.90% Yearly
August 1996: 8.70% Yearly
July 1996: 7.20% Yearly
June 1996: 10.00% Yearly
May 1996: 13.00% Yearly
April 1996: 11.40% Yearly
March 1996: 13.50% Yearly
February 1996: 14.40% Yearly
January 1996: 12.00% Yearly
December 1995: 12.10% Yearly
November 1995: 12.30% Yearly
October 1995: 11.40% Yearly
September 1995: 15.80% Yearly
August 1995: 12.40% Yearly
July 1995: 12.80% Yearly
June 1995: 11.20% Yearly
May 1995: 13.30% Yearly
April 1995: 15.40% Yearly
March 1995: 12.30% Yearly
February 1995: 11.80% Yearly
January 1995: 11.80% Yearly
December 1994: 10.40% Yearly
November 1994: 13.10% Yearly
October 1994: 15.10% Yearly
September 1994: 10.50% Yearly
August 1994: 8.90% Yearly
July 1994: 11.10% Yearly
June 1994: 10.30% Yearly
May 1994: 8.10% Yearly
April 1994: 16.80% Yearly
March 1994: 0.00% Yearly
February 1994: 0.00% Yearly
January 1994: 0.00% Yearly
Indian Government – Monthly and Annual Consumer Price Index
India’s Consumer Price Index Based Inflation Rate Rises to 5.00 Percent in December 2014
Indian Government – Current Monthly and Annual Inflation Rate
India’s Wholesale Price Index Based Inflation Rate Eases Lower to Zero Percent in November 2014
Government of India – Income Tax Slab Rates for AY 2015-2016
Personal Income Tax Rates for the Financial Year 2014-2015 and Assessment Year 2015-2016
Government of India – Income Tax Slab Rates for AY 2014-2015
Personal Income Tax Rates for the Financial Year 2013-2014 and Assessment Year 2014-2015
Reserve Bank of India – Monetary Policy and Quarterly Review
Reserve Bank of India’s Policy on Curbing Rising Prices in India
Indian Government – Plans, Policies, and Projects
Government of India – Current and Past Plans, Policies, Projects, and Schemes
