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India's Index of Industrial Production contracts by 1.9 percent IIP

India's Index of Industrial Production contracts by 1.9 percent

India Blooms News Service | @indiablooms | 12 Jan 2021, 06:48 pm

New Delhi: India's Index of Industrial Production (IIP) contracted by 1.9 percent in November, as per data released by the Centre on Tuesday.

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

For the month of November 2020, the Quick Estimates of Index of Industrial Production (IIP)with base 2011-12 stands at 126.3.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2020 stand at 104.5, 128.4 and 144.8 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 121.3 for Primary Goods, 84.6 for Capital Goods, 136.7 for Intermediate Goods and 135.5 for Infrastructure/ Construction Goods for the month of November 2020.  

Further, the indices for Consumer durables and Consumer non-durables stand at 115.9 and 149.1 respectively for the month of November 2020.