India Industrial Output
India's industrial output moves up 1.7 percent in February
New Delhi: India's industrial output, which is measured by the Index of Industrial Production (IIP), moved up by 1.7 per cent in February compared to a 3.2 per cent contraction in the same month a year earlier, as per data released by the Ministry of Statistics & Programme Implementation on Tuesday.
For the month of February 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 132.1.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2022 stand at 123.2, 130.8 and 160.8 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 130.8 for Primary Goods, 94.3 for Capital Goods, 144.0 for Intermediate Goods and 153.0 for Infrastructure/ Construction Goods for the month of February 2022.
Further, the indices for Consumer durables and Consumer non-durables stand at 114.7 and 139.5 respectively for the month February 2022.
Along with the Quick Estimates of IIP for the month of February 2022, the indices for January 2022 have undergone the first revision and those for November 2021 have undergone final revision in the light of the updated data received from the source agencies.
The Quick Estimates for February 2022, the first revision for January 2022 and the final revision for November 2021 have been compiled at weighted response rates of 88 percent, 91 percent and 94 percent respectively.
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