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India's industrial production moves down by 4.3 percent in September

India's industrial production moves down by 4.3 percent in September

India Blooms News Service | @indiablooms | 11 Nov 2019, 12:27 pm

New Delhi/IBNS: The industrial production, which is measured by the Index of Industrial Production (IIP), moved down 4.3 percent as compared to the level in the month of September 2018, unveiled the government data released on Monday.

"The cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 percent," read the government released statement.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2019 stand at 86.5, 126.5 and 158.7 respectively, with the corresponding growth rates of (-) 8.5 percent, (-) 3.9 percent and (-) 2.6 percent as compared to September 2018.

The cumulative growth in these three sectors during April-September 2019 over the corresponding period of 2018 has been 1.0 percent, 1.0 percent and 3.8 percent respectively. 

As per Use-based classification, the growth rates in September 2019 over September 2018 are (-) 5.1 percent in Primary goods, (-) 20.7 percent in Capital goods, 7.0 percent in Intermediate goods and (-) 6.4 percent in Infrastructure/ Construction Goods (Statement III). 

The Consumer durables and Consumer non-durables have recorded growth of (-) 9.9 percent and (-) 0.4 percent respectively.  

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