industrial production index

The Central Statistical Office, under the Ministry of Statistics and Program Implementation, has released industrial production index for the month of November.

The Index of Industrial Production (IIP) provides details about the growth of various sectors of the economy such as mineral mining, electricity and production. IIP is a comprehensive indicator that measures short-term changes in the production of baskets of industrial products during the relevant period over the selected period.

The important information of the IIP, November 2018 is given below in the CSO's IIP report:

Industrial production growth has come down to 17-month low in November after the fall in production season, low working days of the month and difficult economic conditions.

In November, the Index of Industrial Production (IIP) was 0.47 percent and last year's high base contributed to the recession. IIP registered 8.5 percent growth in November, 2017.
IIP's production declined by 0.4 percent to 77.63 percent, while production in November 2017 was up by 10.4 percent.
The production of capital goods and consumer goods declined.

Mining increased by 2.7 percent in November 2018, and 1.4 percent in November 2017.

Electricity generation increased by 5.1 percent
Intermediate goods production fell by 4.5 percent.

India's industrial growth is still not in a good position due to the rise in industrial sector and the high variability of industrial growth on the basis of every month in the sector. It is expected that the increase in inflation will act as a catalyst for normalization and election-related expenditure growth after interruption related to festival-season.
industrial production index industrial production index Reviewed by S Current Affairs on January 14, 2019 Rating: 5
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