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12
December 2018
 |
India's industrial output (The Total Investment & Insurance
Solutions)
India's industrial output grew at an 11-month
high of 8.1 per cent in October mainly on the back of mining, power and
manufacturing sectors coupled with higher offtake of capital as well as
consumer durable goods. Industrial production measured in terms of Index of
Industrial Production (IIP) grew 1.8 per cent in October last year, as per
official data released by the Central Statistics Office (CSO) Wednesday.
The previous high IIP growth rate was
recorded in November last year at 8.5 per cent. The growth for September
remained unchanged at 4.5 per cent compared to provisional data released last
month. The Total Investment &
Insurance Solutions
During the April-October period, industrial
output grew 5.6 per cent as compared to 2.5 per cent in the same period of the
previous fiscal. Manufacturing sector, which constitutes 77.63 per cent of the
index, recorded 7.9 per cent growth in October as against 2 per cent year ago.
Mining sector posted 7 per cent growth during the month as against a
contraction of 0.2 per cent in October 2017.
The power sector output also grew by 10.8 per
cent in the month compared to 3.2 per cent a year ago. The capital goods sector
saw a 16.8 per cent output growth in the month, up from 3.5 per cent a year
ago. Consumer durables expanded at 17.6 per cent as compared to a contraction
of 9 per cent a year earlier.
In terms of industries, 21 out of 23 industry
groups in the manufacturing sector have shown positive growth during October
2018.
As per use-based classification, the growth
rates in October 2018 over October 2017 are 6.0 per cent in primary goods, 1.8
per cent in intermediate goods and 8.7 per cent in infrastructure/construction
goods. The consumer non-durables have recorded growth a 7.9 per cent growth.
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