Index of Industrial Production Grows 3.8 Per Cent in September, Dips Below August Benchmark

The official data suggested that robust performance of coal, petroleum refinery and natural gas segments drove the growth. Coal Sector registered highest growth posting 10.6 percent growth year-on-year, followed by petroleum refinery at 8 percent, natural gas at 6.3 percent and electricity at 5.2 percent.

Author: India.com News Desk

Published: November 10, 2017, 11:06 PM IST

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https://www.india.com/news/india/index-of-industrial-production-grows-3-8-per-cent-in-september-dips-below-august-benchmark-2620887/ Copy

New Delhi, Nov 10: The Index of Industrial Production for the September grew 3.8 percent higher in comparison with the previous year, remaining at 122.7. Ministry of Statistics and Programme Implementation said the index registered a lower production after making an impressive gain in August this year. This apart, India’s core sectors grew by 5.2 per cent in September.

The official data suggested that robust performance of coal, petroleum refinery and natural gas segments drove the growth. Coal Sector registered highest growth posting 10.6 percent growth year-on-year, followed by petroleum refinery at 8 percent, natural gas at 6.3 percent and electricity at 5.2 percent.

IP is compiled using data received from 14 source agencies: Department of Industrial Policy & Promotion (DIPP), Indian Bureau of Mines, Central Electricity Authority, Joint Plant Committee, Ministry of Steel, Ministry of Petroleum & Natural Gas, Office of Textile Commissioner, Department of Chemicals & Petrochemicals and other agencies.

The indices of industrial production for the mining, manufacturing and electricity sectors for the month of September 2017 stand at 94.6, 125.1 and 150.5 respectively, with the corresponding growth rates of 7.9 percent, 3.4 percent and 3.4 percent as compared to September 2016.

The cumulative growth in these three sectors during April-September 2017 over the corresponding period of 2016 has been 3.9 percent, 1.9 percent and 5.7 percent respectively.

(With inputs from ANI)