Index of Industrial production rises at 12-months high pace of 3.4% in April 2014

Electricity generation surges 11.9% in April 2014

India's Index of industrial production (IIP) increased at 12-months high pace of 3.4% in April 2014, while snapping decline for last two sequential months. The rise in the output of manufacturing sector at 2.6% and surge in electricity generation at 11.9% in April boosted the IIP growth. Meanwhile, the mining sector output also moved up 1.2% in April 2014.

As per the used based classification, the output of basic goods advanced 6.8% in April 2014, with the healthy growth in electricity generation. The output of intermediate goods rose 4.4%, while that of capital goods jumped 15.7% in April 2014. However, the output of consumer goods plunged 5.1% in April 2014. The decline in the output of consumer goods was driven by 7.6% dip in consumer durable goods production recording fall for seventeenth straight month. However, the output of consumer non-durable goods also declined 3.3% in April 2014.

The IIP growth for the month of February 2014 has been retained unchanged at (-) 0.5%, while the growth for the month of January 2014 has been scaled up to 1.1% compared to 0.8% earlier.

In terms of industries, fourteen (14) out of the twenty-two (22) industry groups in the manufacturing sector have shown positive growth during the month of April 2014, as compared to the corresponding month of the previous year.

The industry group 'Electrical machinery and apparatus' has shown the highest positive growth of 66.0%, followed by 9.6% in 'Machinery and equipment' and 9.1% in 'Tobacco products'.

On the other hand, the industry group 'Radio, TV and communication equipment & apparatus' has shown the highest negative growth of (-) 31.6%, followed by (-) 22.1% in 'Wearing apparel; dressing and dyeing of fur' and (-) 14.6% in 'Motor vehicles, trailers & semi-trailers'.

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