Index of Industrial Production Data Released Feb 2024

For the month of February 2024, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 147.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors

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The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

For the month of February 2024, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 147.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2024 stand at 139.6, 144.5 and 187.1 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 148.2 for Primary Goods, 106.2 for Capital Goods, 158.9 for Intermediate Goods and 179.8 for Infrastructure/ Construction Goods for the month of February 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 121.6 and 148.9 respectively for the month of February 2024.

Details of Quick Estimates of the Index of Industrial Production for the month of February 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Along with the Quick Estimates of IIP for the month of February 2024, the indices for January 2024 have undergone the first revision and those for November 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for February 2024, the first revision for January 2024 and the final revision for November 2023 have been compiled at weighted response rates of 93 percent, 95 percent and 96 percent respectively.

Release of the Index for March 2024 will be on Friday, 10th May 2024.

Note: -

  1. This Press release information is also available at the Website of the Ministry -http://www.mospi.gov.in
  2. Press release in Hindi follows and shall be available at:

https://www.mospi.gov.in/                                                  

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base: 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

116.6

122.6

131.6

138.8

194.5

192.3

134.5

140.7

May

120.4

128.1

134.6

143.1

199.9

201.6

137.8

145.6

Jun

113.7

122.3

136.8

141.6

196.9

205.2

138.3

143.9

Jul

101.1

111.9

135.0

142.1

188.9

204.0

134.4

142.7

Aug

99.6

111.9

131.3

144.4

191.3

220.5

131.5

145.8

Sep

100.0

111.5

134.6

141.5

187.4

205.9

133.8

142.3

Oct

112.6

127.4

128.5

142.1

169.3

203.8

129.5

144.9

Nov

122.7

131.3

137.5

139.3

166.7

176.3

137.7

141.1

Dec

132.6

139.5

144.9

151.4

179.4

181.6

145.9

152.1

Jan

136.1

144.1

145.5

150.7

186.6

197.1

147.4

153.5

Feb*

129.2

139.6

137.6

144.5

174.0

187.1

139.3

147.2

Mar

154.2

 

147.5

 

188.0

 

151.7

 

Average

               

 

               

Apr-Feb

116.8

126.4

136.2

143.6

185.0

197.8

137.3

145.4

 

               

Growth over the corresponding period of previous year#

       

 

               

Feb*

4.8

8.0

5.9

5.0

8.2

7.5

6.0

5.7

 

               

Apr-Feb

5.8

8.2

5.0

5.4

10.0

6.9

5.6

5.9

 

   

 

 

 

 

 

 

 

* Figures for Feb’24 are Quick Estimates.

NOTE: Indices for the months of Nov'23 and Jan'24 incorporate updated production data.

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

 

        

    STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

 

(Base: 2011-12=100)

 

Industry

code

Description

Weight

Index

Cumulative Index

Percentage growth #

 

 

Feb'23

Feb'24*

Apr-Feb*

Feb'24*

Apr-Feb*

 

 

 

 

 

2022-23

2023-24

 

2023-24

10

Manufacture of food products

5.3025

146.8

149.8

131.1

133.3

2.0

1.7

11

Manufacture of beverages

1.0354

104.4

118.4

103.9

109.5

13.4

5.4

12

Manufacture of tobacco products

0.7985

77.9

77.6

87.7

81.4

-0.4

-7.2

13

Manufacture of textiles

3.2913

102.0

105.8

107.3

107.9

3.7

0.6

14

Manufacture of wearing apparel

1.3225

129.1

125.5

127.4

106.7

-2.8

-16.2

15

Manufacture of leather and related products

0.5021

94.9

96.6

95.1

94.9

1.8

-0.2

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

95.1

101.6

104.2

97.1

6.8

-6.8

17

Manufacture of paper and paper products

0.8724

75.1

78.6

82.3

79.0

4.7

-4.0

18

Printing and reproduction of recorded media

0.6798

84.3

89.2

90.5

89.1

5.8

-1.5

19

Manufacture of coke and refined petroleum products

11.7749

126.0

132.2

126.8

132.2

4.9

4.3

20

Manufacture of chemicals and chemical products

7.8730

122.8

126.2

129.3

127.2

2.8

-1.6

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

229.3

204.9

218.1

233.7

-10.6

7.2

22

Manufacture of rubber and plastics products

2.4222

98.8

110.2

104.0

108.3

11.5

4.1

23

Manufacture of other non-metallic mineral products

4.0853

136.8

150.0

133.7

142.5

9.6

6.6

24

Manufacture of basic metals

12.8043

195.4

212.6

189.9

212.2

8.8

11.7

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

83.7

96.2

84.4

90.8

14.9

7.6

26

Manufacture of computer, electronic and optical products

1.5704

123.8

126.1

137.4

120.6

1.9

-12.2

27

Manufacture of electrical equipment

2.9983

101.6

111.8

98.4

105.0

10.0

6.7

28

Manufacture of machinery and equipment n.e.c.

4.7653

115.5

119.9

110.9

118.7

3.8

7.0

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

116.8

130.3

113.8

127.5

11.6

12.0

30

Manufacture of other transport equipment

1.7763

117.2

145.8

125.8

141.9

24.4

12.8

31

Manufacture of furniture

0.1311

173.3

212.6

203.5

182.0

22.7

-10.6

32

Other manufacturing

0.9415

81.6

76.3

89.3

84.8

-6.5

-5.0

 

 

 

 

 

 

 

 

 

05

Mining

14.3725

129.2

139.6

116.8

126.4

8.0

8.2

10-32

Manufacturing

77.6332

137.6

144.5

136.2

143.6

5.0

5.4

35

Electricity

7.9943

174.0

187.1

185.0

197.8

7.5

6.9

 

 

 

 

 

 

 

 

 

 

General Index

100.00

139.3

147.2

137.3

145.4

5.7

5.9

* Figures for Feb’24 are Quick Estimates.

             

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

 

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED

(Base :2011-12=100)

 

Primary goods

Capital goods

Intermediate goods

Infrastructure/ Construction goods

Consumer durables

Consumer non-durables

Month

(34.048612)

(8.223043)

(17.221487)

(12.338363)

(12.839296)

(15.329199)

 

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

139.5

142.2

88.5

92.4

149.5

152.0

149.7

169.8

110.7

108.1

138.9

154.7

May

144.7

149.9

94.9

102.6

151.7

156.9

153.3

173.2

113.9

115.6

137.5

149.8

Jun

139.3

146.7

104.4

107.4

146.6

154.2

150.8

170.9

125.3

116.8

145.9

146.7

Jul

131.7

141.8

97.1

102.1

149.0

153.8

151.3

170.3

121.4

117.0

141.7

153.5

Aug

129.4

145.4

95.0

107.4

146.6

157.4

152.8

176.8

116.2

123.2

134.9

148.3

Sep

128.5

138.8

103.9

112.6

145.3

154.2

156.9

172.8

123.8

125.0

138.9

142.6

Oct

131.2

146.1

87.2

106.1

143.8

157.5

156.2

175.9

106.1

123.0

130.3

142.4

Nov

132.6

143.8

99.1

98.0

146.3

151.3

161.7

164.2

111.9

106.5

162.7

157.2

Dec

145.0

151.9

100.1

103.7

154.1

160.1

170.9

179.7

108.8

114.6

174.4

178.6

Jan

149.9

154.2

104.9

108.5

155.6

163.8

176.9

186.7

108.8

121.7

164.4

164.0

Feb*

139.9

148.2

104.9

106.2

145.1

158.9

165.7

179.8

108.3

121.6

154.8

148.9

Mar

158.3

 

123.0

 

159.4

 

181.7

 

118.6

 

147.5

 

Average

                       

 

                       

Apr-Feb

137.4

146.3

98.2

104.3

148.5

156.4

158.7

174.6

114.1

117.6

147.7

153.3

 

                       

Growth over the corresponding period of previous year#

           

 

                       

Feb*

7.0

5.9

11.0

1.2

1.0

9.5

9.0

8.5

-4.1

12.3

12.5

-3.8

 

                       

Apr-Feb

7.9

6.5

13.4

6.2

4.1

5.3

8.5

10.0

1.5

3.1

0.9

3.8

 

 

 

 

 

 

 

 

 

 

 

 

 

* Figures for Feb’24 are Quick Estimates.

NOTE: Indices for the months of Nov'23 and Jan'24 incorporate updated production data.

         

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

 

 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

(Base: 2011-12=100)

Ind

code

Description

Weight

Mar-23

Apr-23

May-23

Jun-23

Jul-23

Aug-23

Sep-23

Oct-23

Nov-23

Dec-23

Jan-24

Feb-24

 

10

Manufacture of food products

5.3025

147.2

137.8

123.2

113.6

121.6

123.9

114.6

123.5

141.5

159.4

157.7

149.8

 

11

Manufacture of beverages

1.0354

123.5

109.2

124.1

125.0

109.4

103.4

101.6

99.6

100.7

101.2

112.4

118.4

 

12

Manufacture of tobacco products

0.7985

95.5

67.1

83.7

93.8

71.8

81.4

89.8

82.7

79.8

82.3

85.6

77.6

 

13

Manufacture of textiles

3.2913

110.2

105.6

107.4

107.8

108.5

107.1

108.4

110.2

102.7

112.4

111.2

105.8

 

14

Manufacture of wearing apparel

1.3225

133.1

92.1

112.2

120.1

103.9

97.8

102.4

97.8

92.9

112.8

116.6

125.5

 

15

Manufacture of leather and related products

0.5021

106.2

97.7

101.1

103.4

95.1

92.4

91.8

91.1

78.8

96.3

99.5

96.6

 

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

108.1

89.4

98.7

98.0

98.4

98.5

108.1

93.7

87.6

97.6

96.5

101.6

 

17

Manufacture of paper and paper products

0.8724

83.1

79.8

77.9

81.3

82.1

82.3

78.5

78.5

73.3

78.0

79.1

78.6

 

18

Printing and reproduction of recorded media

0.6798

91.7

88.6

88.7

88.7

89.0

91.0

87.5

87.0

84.1

95.8

90.8

89.2

 

19

Manufacture of coke and refined petroleum products

11.7749

141.1

129.1

138.0

133.5

131.9

131.7

122.4

125.7

132.9

141.9

134.6

132.2

 

20

Manufacture of chemicals and chemical products

7.8730

130.1

126.6

133.8

130.5

128.6

126.8

123.6

126.5

119.5

129.7

127.7

126.2

 

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

194.7

237.0

227.9

225.3

244.5

225.9

220.1

212.8

244.3

284.5

244.0

204.9

 

22

Manufacture of rubber and plastics products

2.4222

110.2

106.3

112.7

106.5

107.7

108.5

106.5

109.0

105.1

107.0

111.7

110.2

 

23

Manufacture of other non-metallic mineral products

4.0853

152.8

146.7

148.4

149.5

134.0

142.5

132.8

140.5

127.0

147.2

149.2

150.0

 

24

Manufacture of basic metals

12.8043

214.0

201.9

206.3

203.4

209.4

217.4

213.6

217.2

207.3

218.7

226.2

212.6

 

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

95.4

76.4

87.1

86.7

83.8

100.0

97.1

92.8

81.0

100.6

96.9

96.2

 

26

Manufacture of computer, electronic and optical products

1.5704

134.1

111.5

115.1

121.9

118.6

131.4

149.4

123.1

96.7

111.6

121.0

126.1

 

27

Manufacture of electrical equipment

2.9983

108.7

106.6

106.6

103.5

102.5

108.6

108.0

94.8

89.0

114.6

108.7

111.8

 

28

Manufacture of machinery and equipment n.e.c.

4.7653

141.3

107.7

116.2

123.7

119.9

126.3

127.0

123.3

109.1

116.3

116.5

119.9

 

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

122.4

112.9

126.1

123.6

129.5

128.6

130.5

135.7

126.7

117.9

140.7

130.3

 

30

Manufacture of other transport equipment

1.7763

139.2

119.5

131.2

140.6

123.5

145.9

166.0

157.2

144.5

137.2

149.5

145.8

 

31

Manufacture of furniture

0.1311

210.9

144.7

179.9

183.0

190.6

189.5

185.1

176.8

144.5

196.4

199.2

212.6

 

32

Other manufacturing

0.9415

108.5

87.8

79.2

85.6

97.1

94.6

96.7

103.7

65.8

68.9

76.7

76.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Mining

14.3725

154.2

122.6

128.1

122.3

111.9

111.9

111.5

127.4

131.3

139.5

144.1

139.6

 

10-32

Manufacturing

77.6332

147.5

138.8

143.1

141.6

142.1

144.4

141.5

142.1

139.3

151.4

150.7

144.5

 

35

Electricity

7.9943

188.0

192.3

201.6

205.2

204.0

220.5

205.9

203.8

176.3

181.6

197.1

187.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General Index

100.00

151.7

140.7

145.6

143.9

142.7

145.8

142.3

144.9

141.1

152.1

153.5

147.2

 

Note: The figures December 2023, January 2024 and February 2024 are provisional

The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

Industrial Production IIP