The Quick Estimates of Index of Industrial Production (IIP) are released on 12^th of every month (or previous working day if 12^th 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. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

Key Highlights:

Indices

For the month of April 2024, the Quick Estimates of IIP with base 2011-12 stands at 147.7 against 140.7 in April 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2024 stand at 130.8, 144.2 and 212.0 respectively.
As per Use-based classification, the indices stand at 152.2 for Primary Goods, 95.3 for Capital Goods, 156.9 for Intermediate Goods and 183.3 for Infrastructure/ Construction Goods for the month of April 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 118.7 and 151.0 respectively for the month of April 2024.

Growth Rate (Y-o-Y)

The IIP growth rate for the month of April 2024 over the corresponding period of previous year is 5.0 percent. The IIP growth rate in April 2023 was 4.6 percent. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of April 2024 over April 2023 are 6.7 percent, 3.9 percent and 10.2 percent respectively. Within the manufacturing sector, the growth rate of the top three positive contributors to the growth of IIP for the month of April 2024 are – “Manufacture of basic metals” (8.1%), “Manufacture of coke and refined petroleum products” (4.9%), and “Manufacture of motor vehicles, trailers and semi-trailers” (11.4%).
The corresponding growth rates of IIP as per Use-based classification in April 2024 over April 2023 are 7.0 percent in Primary goods, 3.1 percent in Capital goods, 3.2 percent in Intermediate goods, 8.0 percent in Infrastructure/ Construction Goods, 9.8 percent in Consumer durables and -2.4 percent in Consumer non-durables (Statement III). Based on use-based classification, top three positive contributors to the growth of IIP for the month of April 2024 are – Primary goods, Infrastructure/Construction goods and Consumer durables.
Monthly Indices and Growth Rate (in %) of IIP for the last 13 months

Along with the Quick Estimates of IIP for the month of April 2024, the indices for March 2024 have undergone the first revision and those for January 2024 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for April 2024, the first revision for March 2024 and the final revision for January 2024 have been compiled at weighted response rates of 92 percent, 96 percent and 96 percent respectively.

Details of Quick Estimates of the Index of Industrial Production for the month of April 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Release of the Index for May 2024 will be on Friday, 12^th July 2024.

Note: –

This Press release (English and Hindi Version) is also available at the Ministry’s Website –http://www.mospi.gov.in.
Detailed information pertaining to IIP is available at https://mospi.gov.in/iip

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL

(Base: 2011-12=100)

Month	Mining			Manufacturing			Electricity			General
	(14.372472)			(77.63321)			(7.994318)			(100)
	2022-23	2023-24	2024-25	2022-23	2023-24	2024-25	2022-23	2023-24	2024-25	2022-23	2023-24	2024-25
Apr*	116.6	122.6	130.8	131.6	138.8	144.2	194.5	192.3	212.0	134.5	140.7	147.7
May	120.4	128.1		134.6	143.1		199.9	201.6		137.8	145.6
Jun	113.7	122.3		136.8	141.6		196.9	205.2		138.3	143.9
Jul	101.1	111.9		135.0	142.1		188.9	204.0		134.4	142.7
Aug	99.6	111.9		131.3	144.4		191.3	220.5		131.5	145.8
Sep	100.0	111.5		134.6	141.5		187.4	205.9		133.8	142.3
Oct	112.6	127.4		128.5	142.1		169.3	203.8		129.5	144.9
Nov	122.7	131.3		137.5	139.3		166.7	176.3		137.7	141.1
Dec	132.6	139.5		144.9	151.6		179.4	181.6		145.9	152.3
Jan	136.1	144.3		145.5	150.8		186.6	197.1		147.4	153.6
Feb	129.2	139.7		137.6	144.3		174.0	187.1		139.3	147.1
Mar	154.2	156.2		147.5	156.0		188.0	204.2		151.7	159.9
Average
Apr-Mar	119.9	128.9	–	137.1	144.6	–	185.2	198.3	–	138.5	146.7	–
Growth over the corresponding period of previous year#
Apr*	8.4	5.1	6.7	5.6	5.5	3.9	11.8	-1.1	10.2	6.7	4.6	5.0
Apr-Mar	5.8	7.5	–	4.7	5.5	–	8.9	7.1	–	5.2	5.9	–

* Figures for Apr’24 are Quick Estimates.

NOTE: Indices for the months of Jan’24 and Mar’24 incorporate updated production data.

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

STATEMENT II: INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
	Industry	Description	Weight	Index		Cumulative Index		Percentage growth#
	code			Apr’23	Apr’24*	Apr-Mar*		Apr’24*	Apr-Mar*
						2022-23	2023-24		2023-24
	10	Manufacture of food products	5.3025	137.8	120.3	132.4	134.4	-12.7	1.5
	11	Manufacture of beverages	1.0354	109.2	122.0	105.5	110.9	11.7	5.1
	12	Manufacture of tobacco products	0.7985	67.1	61.1	88.4	81.1	-8.9	-8.3
	13	Manufacture of textiles	3.2913	105.6	105.9	107.5	107.7	0.3	0.2
	14	Manufacture of wearing apparel	1.3225	92.1	103.7	127.9	109.9	12.6	-14.1
	15	Manufacture of leather and related products	0.5021	97.7	89.3	96.0	95.0	-8.6	-1.0
	16	Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	0.1930	89.4	84.5	104.5	98.3	-5.5	-5.9
	17	Manufacture of paper and paper products	0.8724	79.8	76.6	82.4	79.4	-4.0	-3.6
	18	Printing and reproduction of recorded media	0.6798	88.6	83.8	90.6	89.4	-5.4	-1.3
	19	Manufacture of coke and refined petroleum products	11.7749	129.1	135.4	128.0	133.0	4.9	3.9
	20	Manufacture of chemicals and chemical products	7.8730	126.6	126.6	129.3	127.2	0.0	-1.6
	21	Manufacture of pharmaceuticals, medicinal chemical and botanical products	4.9810	237.0	244.3	216.2	233.6	3.1	8.0
	22	Manufacture of rubber and plastics products	2.4222	106.3	109.7	104.5	109.2	3.2	4.5
	23	Manufacture of other non-metallic mineral products	4.0853	146.7	149.2	135.3	144.2	1.7	6.6
	24	Manufacture of basic metals	12.8043	201.9	218.2	191.9	214.1	8.1	11.6
	25	Manufacture of fabricated metal products, except machinery and equipment	2.6549	76.4	84.2	85.3	92.4	10.2	8.3
	26	Manufacture of computer, electronic and optical products	1.5704	111.5	115.8	137.2	121.7	3.9	-11.3
	27	Manufacture of electrical equipment	2.9983	106.6	110.1	99.3	106.7	3.3	7.5
	28	Manufacture of machinery and equipment n.e.c.	4.7653	107.7	108.8	113.5	120.8	1.0	6.4
	29	Manufacture of motor vehicles, trailers and semi-trailers	4.8573	112.9	125.8	114.5	127.8	11.4	11.6
	30	Manufacture of other transport equipment	1.7763	119.5	140.3	127.0	144.7	17.4	13.9
	31	Manufacture of furniture	0.1311	144.7	200.2	204.1	190.1	38.4	-6.9
	32	Other manufacturing	0.9415	87.8	97.2	90.9	85.3	10.7	-6.2

	05	Mining	14.3725	122.6	130.8	119.9	128.9	6.7	7.5
	10-32	Manufacturing	77.6332	138.8	144.2	137.1	144.6	3.9	5.5
	35	Electricity	7.9943	192.3	212.0	185.2	198.3	10.2	7.1

		General Index	100.00	140.7	147.7	138.5	146.7	5.0	5.9

* Figures for Apr 2024 are Quick Estimates.

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base :2011-12=100)
		Primary goods			Capital goods			Intermediate goods			Infrastructure/ Construction goods			Consumer durables				Consumer non-durables
Month		(34.048612)			(8.223043)			(17.221487)			(12.338363)			(12.839296)				(15.329199)
		2022-23	2023-24	2024-25	2022-23	2023-24	2024-25	2022-23	2023-24	2024-25	2022-23	2023-24	2024-25	2022-23	2023-24	2024-25	2022-23		2023-24	2024-25
Apr*		139.5	142.2	152.2	88.5	92.4	95.3	149.5	152.0	156.9	149.7	169.8	183.3	110.7	108.1	118.7	138.9		154.7	151.0
May		144.7	149.9		94.9	102.6		151.7	156.9		153.3	173.2		113.9	115.6		137.5		149.8
Jun		139.3	146.7		104.4	107.4		146.6	154.2		150.8	170.9		125.3	116.8		145.9		146.7
Jul		131.7	141.8		97.1	102.1		149.0	153.8		151.3	170.3		121.4	117.0		141.7		153.5
Aug		129.4	145.4		95.0	107.4		146.6	157.4		152.8	176.8		116.2	123.2		134.9		148.3
Sep		128.5	138.8		103.9	112.6		145.3	154.2		156.9	172.8		123.8	125.0		138.9		142.6
Oct		131.2	146.1		87.2	106.1		143.8	157.5		156.2	175.9		106.1	123.0		130.3		142.4
Nov		132.6	143.8		99.1	98.0		146.3	151.3		161.7	164.2		111.9	106.5		162.7		157.2
Dec		145.0	151.9		100.1	103.8		154.1	159.8		170.9	180.3		108.8	114.5		174.4		179.7
Jan		149.9	154.3		104.9	108.3		155.6	163.8		176.9	186.6		108.8	121.4		164.4		164.9
Feb		139.9	148.2		104.9	106.0		145.1	157.7		165.7	179.8		108.3	121.7		154.8		149.4
Mar		158.3	163.1		123.0	131.1		159.4	168.2		181.7	195.2		118.6	129.9		147.5		155.3
Average
Apr-Mar		139.2	147.7	–	100.3	106.5	–	149.4	157.2	–	160.7	176.3	–	114.5	118.6	–	147.7		153.7	–
Growth over the corresponding period of previous year#
Apr*		10.3	1.9	7.0	12.0	4.4	3.1	7.1	1.7	3.2	4.0	13.4	8.0	7.2	-2.3	9.8	-0.8		11.4	-2.4
Apr-Mar		7.5	6.1	–	13.1	6.2	–	3.8	5.2	–	8.4	9.7	–	0.6	3.6	–	0.7		4.1	–
	* Figures for Apr 2024 are Quick Estimates.
	NOTE : Indices for the months of Jan’24 and Mar’24 incorporate updated production data.

#The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

STATEMENT IV: MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2011-12=100)
Industry code	Description	Weight	May-23	Jun-23	Jul-23	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24	Feb-24	Mar-24	Apr-24
10	Manufacture of food products	5.3025	123.2	113.6	121.6	123.9	114.6	123.5	141.5	160.8	158.9	151.0	142.5	120.3
11	Manufacture of beverages	1.0354	124.1	125.0	109.4	103.4	101.6	99.6	100.7	101.3	112.6	120.0	124.3	122.0
12	Manufacture of tobacco products	0.7985	83.7	93.8	71.8	81.4	89.8	82.7	79.8	82.7	84.6	77.5	78.4	61.1
13	Manufacture of textiles	3.2913	107.4	107.8	108.5	107.1	108.4	110.2	102.7	112.3	109.7	105.7	106.5	105.9
14	Manufacture of wearing apparel	1.3225	112.2	120.1	103.9	97.8	102.4	97.8	92.9	113.1	117.3	125.4	143.2	103.7
15	Manufacture of leather and related products	0.5021	101.1	103.4	95.1	92.4	91.8	91.1	78.8	95.9	99.9	96.5	95.9	89.3
16	Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials	0.1930	98.7	98.0	98.4	98.5	108.1	93.7	87.6	97.7	96.4	101.8	111.5	84.5
17	Manufacture of paper and paper products	0.8724	77.9	81.3	82.1	82.3	78.5	78.5	73.3	78.1	79.1	78.6	83.2	76.6
18	Printing and reproduction of recorded media	0.6798	88.7	88.7	89.0	91.0	87.5	87.0	84.1	95.5	91.3	89.4	92.3	83.8
19	Manufacture of coke and refined petroleum products	11.7749	138.0	133.5	131.9	131.7	122.4	125.7	132.9	141.9	134.7	131.2	142.4	135.4
20	Manufacture of chemicals and chemical products	7.8730	133.8	130.5	128.6	126.8	123.6	126.5	119.5	127.5	127.6	124.8	130.3	126.6
21	Manufacture of pharmaceuticals, medicinal chemical and botanical products	4.9810	227.9	225.3	244.5	225.9	220.1	212.8	244.3	286.3	245.6	205.0	228.1	244.3
22	Manufacture of rubber and plastics products	2.4222	112.7	106.5	107.7	108.5	106.5	109.0	105.1	106.9	112.8	111.2	116.8	109.7
23	Manufacture of other non-metallic mineral products	4.0853	148.4	149.5	134.0	142.5	132.8	140.5	127.0	147.1	147.5	148.9	165.4	149.2
24	Manufacture of basic metals	12.8043	206.3	203.4	209.4	217.4	213.6	217.2	207.3	220.2	226.9	213.2	232.1	218.2
25	Manufacture of fabricated metal products, except machinery and equipment	2.6549	87.1	86.7	83.8	100.0	97.1	92.8	81.0	98.1	95.1	95.7	114.8	84.2
26	Manufacture of computer, electronic and optical products	1.5704	115.1	121.9	118.6	131.4	149.4	123.1	96.7	111.6	120.8	126.1	134.7	115.8
27	Manufacture of electrical equipment	2.9983	106.6	103.5	102.5	108.6	108.0	94.8	89.0	116.6	108.1	111.6	124.3	110.1
28	Manufacture of machinery and equipment n.e.c.	4.7653	116.2	123.7	119.9	126.3	127.0	123.3	109.1	115.5	116.4	119.8	145.1	108.8
29	Manufacture of motor vehicles, trailers and semi-trailers	4.8573	126.1	123.6	129.5	128.6	130.5	135.7	126.7	118.5	140.5	130.3	130.3	125.8
30	Manufacture of other transport equipment	1.7763	131.2	140.6	123.5	145.9	166.0	157.2	144.5	137.2	149.5	145.8	175.7	140.3
31	Manufacture of furniture	0.1311	179.9	183.0	190.6	189.5	185.1	176.8	144.5	197.4	199.0	212.6	278.6	200.2
32	Other manufacturing	0.9415	79.2	85.6	97.1	94.6	96.7	103.7	65.8	70.5	76.6	76.3	90.0	97.2

5	Mining	14.3725	128.1	122.3	111.9	111.9	111.5	127.4	131.3	139.5	144.3	139.7	156.2	130.8
10-32	Manufacturing	77.6332	143.1	141.6	142.1	144.4	141.5	142.1	139.3	151.6	150.8	144.3	156.0	144.2
35	Electricity	7.9943	201.6	205.2	204.0	220.5	205.9	203.8	176.3	181.6	197.1	187.1	204.2	212.0

	General Index	100	145.6	143.9	142.7	145.8	142.3	144.9	141.1	152.3	153.6	147.1	159.9	147.7

* Figures for Apr’24 are Quick Estimates.

NOTE: Indices for the months of Jan’24 and Mar’24 incorporate updated production data.

Matribhumi Samachar English

INDIA’S IIP RECORDS A GROWTH OF 5.0% IN THE FIRST MONTH OF THE FINANCIAL YEAR 2024-25

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