India’s Industrial Production Up 3.8% in Sep’17

Industrial production based on the general IIP expanded 3.8% YoY in Sep’17 against a 2.5% growth recorded in Sep last year. Quick estimates of IIP released by the CSO showed. Industrial production recorded a cumulative growth of 2.5% for Apr-Sep’17 period. Production in the mining, manufacturing and electricity sectors recorded growth rates of 7.9%, 3.4% and 3.4% for September 2017. The 3 sectors recorded cumulative growth rates of 3.9%, 1.9%, 5.7%, respectively, during Apr-Sep’17. 11/23 industry groups in the manufacturing sector have shown positive growth during Sep’17. Industry group ‘manufacture of pharmaceuticals, medicinal chemical and botanical products’ has shown the highest positive growth of 26.4%, followed by ‘manufacture of computer, electronic and optical products’ 13.2% and ‘manufacture of motor vehicles, trailers and semi-trailers’ 13.1%. On the other hand, the industry group ‘other manufacturing’ has shown the highest negative growth of (-) 27.1%, followed by ‘manufacture of tobacco products’ (-) 23.1% and ‘manufacture of electrical equipment’ (-) 19.2%. Production of primary goods increased by 6.6% in Sep’17 while capital goods production increased by 7.4%, intermediate goods production grew 1.9% and Infra/construction goods production expanded 0.5%. Production of consumer durables and consumer non-durables recorded growth rates of (-) 4.8% and 10%, respectively.