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India's industrial output moves up 3.6% in October IIP

India's industrial output moves up 3.6% in October

India Blooms News Service | @indiablooms | 11 Dec 2020, 06:15 pm

New Delhi: India's index of industrial output for the month of October stood at 3.6 percent, as per official data released on Friday.

For the month of October 2020, the Quick Estimates of Index of Industrial Production (IIP)with base 2011-12 stands at 128.5.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2020 stand at 98.0, 130.7 and 162.2 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 117.7 for Primary Goods, 91.4 for Capital Goods, 137.5 for Intermediate Goods and 140.0 for Infrastructure/ Construction Goods for the month of October 2020.  

Further, the indices for Consumer durables and Consumer non-durables stand at 133.2 and 149.0 respectively for the month of October 2020.

Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices since April 2020, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Along with the Quick Estimates of IIP for the month of October 2020, the indices for September 2020 have undergone the first revision and those for July 2020 have undergone the final revision in the light of the updated data received from the source agencies.

The Quick Estimates for October 2020, the first revision for September 2020 and the final revision for July 2020 have been compiled at weighted response rates of 90 percent, 94 percent and 95 percent respectively.