Mumbai35 minutes ago
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Industrial growth in February was 2.9%.
Industrial growth in March has come to 3%. It was at 2.9% in February, which was a 6 -month low. Industrial growth has decreased due to manufacturing and poor performance of the mining sector. Manufacturing contributes more than three-fourths to the IIP.
India’s manufacturing sector output was 3% in March, compared to 5.9% in the same month last year. At the same time, the production of mining sector saw a growth of 0.4% in March, which was 1.3% in the same period last year. There was a growth of 6.3% in the electricity sector in March. It recorded 8.6% growth in the same month last year.
Industrial growth in FY 2024-25 was 4% FY25, India’s industrial growth was 4%, it was 5.9% in the last financial year. That is, the industrial growth on the Sala basis has reduced by about 1.9%.
Sector Wise Industrial Growth in March compared to February,
- Manufacturing: In February, it was 2.9% at 3% in March.
- Mining: It was at 1.6% in February, which came to 0.4% in March.
- Electricity: In February, it was at 3.6% which came to 6.3% in March.
- Primary goods: In February, it was 2.8% at 3.1% in March.
- Capital Goods: In February, it was reduced to 9% which decreased to 2.4% in March.
- Intermediate goods: In February, it was at 1.4% which increased to 2.3% in March.
- Infrastructure goods: In February, it was at 6.4% at 6.4% which increased to 8.8% in March.
- Consumer Durable Goods: In February, it was 3.9% at 3.9% which increased to 6.6% in March.
- Consumer non -durable goods: In February, it had increased to –1.8% which came to -4.7% in March.
What is the Index of Industrial Production (IIP)?
As the name itself is clear, the production figures of industries are called industrial production. It includes three large sectors. The first is- manufacturing, ie what is made in industries, such as vehicles, cloth, steel, cement.
The second is- mining, which gets coal and minerals. The third is- utilitis means things used for common people. Such as roads, dams and bridges. All these productions together are called industrial production.
How is it measured?
IIP is a unit to measure industrial production- Index of Industrial Production. For this, the base year of 2011-12 has been fixed. That is, as compared to 2011-12, the faster or decrease in the production of industries is called IIP.
77.63% of this entire IIP comes from the manufacturing sector. Apart from this, electricity, steel, refinery, crude oil, coal, cement, natural gas and fertilizer- the direct impact of the production of these eight big industries is visible on the IIP.
