IIP India's industrial production contracts by 4 percent in October
New Delhi: India's industrial production contracted by 4 percent on an annual basis, as per data released by the Indian government on Monday.
For the month of October 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 129.6.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2022 stand at 112.5, 128.7 and 169.3 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 131.1 for Primary Goods, 87.7 for Capital Goods, 143.1 for Intermediate Goods and 155.1 for Infrastructure/ Construction Goods for the month of October 2022.
Further, the indices for Consumer durables and Consumer non-durables stand at 109.7 and 129.6 respectively for the month of October 2022.
Along with the Quick Estimates of IIP for the month of October 2022, the indices for September 2022 have undergone the first revision and those for July 2022 have undergone final revision in the light of the updated data received from the source agencies.
The Quick Estimates for October 2022, the first revision for September 2022 and the final revision for July 2022 have been compiled at weighted response rates of 91 percent, 93 percent and 94 percent respectively.
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