You are here: Home » News-CM » Economy » News
Business Standard

India's industrial production surges 7.5% in January 2018

Capital Market 

Cumulative industrial growth at 4.1% in April-January FY2018

India's industrial (base year 2011-12=100) continued to record a strong growth for the third straight month at 7.5% in January 2018 over January 2017. The sector's surged 8.7% in January 2018, supporting overall growth in industrial production. The output growth slowed down to 0.1% in January 2018, while the generation growth accelerated to five-month high of 7.6% in January 2018, contributing to the improvement in overall industrial production growth in January 2018.

As per the use-based classification, primary goods output rose at higher pace of 5.8% in January 2018 over a year ago, while the output of capital goods surged 14.6% in January 2018. The output of intermediate goods galloped 4.9%. The output of consumer durables moved up 8%, while that of consumer non-durable durables surged 10.5%. Further, the output Infrastructure/ construction goods also jumped 6.8% in January 2018.

In terms of industries, sixteen out of the twenty three industry groups in the sector have shown positive growth during the month of January 2018 as compared to the corresponding month of the previous year. The has shown the highest positive growth of 33.1% followed by 27.8% in furniture and 26.6% in motor vehicles, trailers and semi-trailers. On the other hand, the has shown the highest negative growth of (-) 46.5% followed by (-) 32.4% in other and (-) 13.2% in and reproduction of recorded media.

Some important item groups showing high positive growth during the current month over the same month in previous year include bodies of trucks, lorries and trailers 267.5%, steroids and hormonal preparations including anti-fungal preparations 102.9%, 89.2%,axle 58.8%, separators including decanter centrifuge 49.7%, sugar 40.9%, two-wheelers motorcycles/ scooters 37.7%, digestive enzymes and antacids incl PPI drugs 31.7%, commercial vehicles 29.8%, films of polythene, polyester, pvc & other forms of plastic 22.0% and cement- all types 21.5%.

Some important item groups that have registered high negative growth include jewellery of gold studded with stones or not (-) 73.8%, other (-) 73.4%, hand tools incl interchangeable tools, not mechanised (-) 64.7%, bags/ pouches of HDPE/ LDPE plastic (-) 40.7%, kerosene (-) 37.3%, material handling, lifting and hoisting equipment (-) 34.3%, plastic components of packing/ closing/ bottling articles & of electrical fittings (-) 29.1%, paper of all kinds excluding newsprint (-) 28.8%, medical/ surgical accessories (-) 27.1% and printed books incl Manuals, reports, brochures, catalogs etc (-) 21.1%.

The cumulative industrial production growth has eased to 4.1% in April-January FY2018 compared with 5.0% growth in April-January FY2017. The growth has moderated to 4.2% in April-January FY2018 from 4.8% growth in the corresponding period last year. The generation output also rose at moderated pace of 5.3% and output growth eased to 2.5% in April-January FY2018.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 19:41 IST