News

Output of eight core industries grows 8% in July 2023 The output of eight core industries rose 8 per cent in July 2023 from 4.8 per cent in July 2022. This is due to a low base effect and positive growth in all the eight sectors during the month. However, growth for the month of July is slightly lower than that of 8.3% in June 2023. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (...
Output of eight core industries grows 8% in July 2023
Output of eight core industries grows 8% in July 2023
Source: Accord Fintech
1/09/2023 11:34:48 AM
Combined index of 8 core industries increases by 8% in July 2023 The combined index of eight core industries (ICI) increased by 8 per cent (provisional) in July 2023 as compared to the same month last year. The production of coal, steel, natural gas, cement, electricity, refinery products, fertilisers and crude oil increased in July 2023 over the corresponding month of last year. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). Meanwhile, final growth rate of index of ei...
Combined index of 8 core industries increases by 8% in July 2023
Combined index of 8 core industries increases by 8% in July 2023
Source: IANS
31/08/2023 6:12:32 PM
India`s industrial production rises to 5.2% in May India’s industrial production growth measured in terms of the Index of Industrial Production (IIP) rose to 5.2 per cent in May, mainly due to good performance by the manufacturing and mining sectors.  The latest industrial growth figure is higher than that for April, when it had come in at 4.5 per cent. The factory output stood at 19.7 per cent in May 2022. For the month of May 2023, the Quick Estimates of IIP with base 2011-12 stood at 145.0.  As per the data released by t...
India`s industrial production rises to 5.2% in May
India`s industrial production rises to 5.2% in May
Source: Accord Fintech
13/07/2023 10:24:19 AM
Industrial production for April rises 4.2%  India's index of industrial production (IIP) rose by 4.2 per cent in April, significantly higher than that for March, when it had touched a five-month low of 1.1 per cent. That number has now been revised to 1.7 per cent. According to data released by the Ministry of Statistics and Programme Implementation on Monday, the IIP growth was 6.7 per cent in April 2022. Retail inflation for May 2023 fell to a 25-month low of 4.25 per cent as food prices fell.
Industrial production for April rises 4.2%
Industrial production for April rises 4.2%
Source: IANS
12/06/2023 6:45:31 PM
Output of eight core industries records almost flat growth rate of 6% in February 2023 The output of eight core industries recorded an almost flat growth rate of 6 percent in February 2023 as against 5.9 percent in the same month last year. The growth in February is lowest in the last three months. The output of core sectors had increased by 8.9 percent in January 2023 and 7 percent in December 2022. It was 5.7 percent in November 2022. Barring crude oil, all the segments posted an increase in production. The Eight Core Industries - coal, crude oil, natural gas, refinery produc...
Output of eight core industries records almost flat growth rate of 6% in February 2023
Output of eight core industries records almost flat growth rate of 6% in February 2023
Source: Accord Fintech
3/04/2023 11:46:36 AM
Index of eight core industries rises 6% in February The combined index of eight core industries (ICI) increased by 6 per cent in February 2023 as against the year-ago period, as the production of fertilisers, coal, electricity, cement, steel, refinery products and natural gas increased during the period under review. According to the data released by the Commerce Ministry, only the crude oil production declined by 4.9 per cent in February 2023 over February 2022. Its cumulative index declined by 1.6 per cent during April to February period ...
Index of eight core industries rises 6% in February
Index of eight core industries rises 6% in February
Source: IANS
31/03/2023 5:48:33 PM
India`s IIP accelerates to 7.1% in November India's industrial growth, as per the Index of Industrial Production (IIP), accelerated to 7.1 percent in November 2022. IIP growth returned to positive territory in November after it had contracted by 4 percent in October - the industry's worst performance in 26 months. The IIP grew by 1 per cent in November 2021. The IIP in November stood at 137.1, which is higher as compared to 128 in the year-ago period. In October 2022, an IIP of 129.3 was clocked. For April-November 2022, the co...
India`s IIP accelerates to 7.1% in November
India`s IIP accelerates to 7.1% in November
Source: Accord Fintech
13/01/2023 10:00:47 AM
India going all out to give necessary impetus to indigenous manufacturing In the last few years, India has been focussing a lot on indigenous manufacturing. The Central government has taken up various measures to facilitate manufacturing in the country. The Centre has undertaken various steps to boost domestic and foreign investments in India as well. These include introduction of Goods and Services Tax, reduction in corporate tax, interventions to improve the ease of doing business, FDI policy reforms, measures for reduction in compliance burden, policy measure...
India going all out to give necessary impetus to indigenous manufacturing
India going all out to give necessary impetus to indigenous manufacturing
Source: IANS
14/12/2022 11:13:08 AM
IIP contracted by 4.0% in Oct 2022, led by higher number of holidays; high frequency indicators portend rebound in Nov 2022 HIGHLIGHTS The Index of Industrial Production (IIP) slipped into a year-on-year (YoY) contraction of 4.0% in October 2022 (ICRA’s exp: -1.3%), after having posted a growth of 3.5% in September 2022, mirroring the anaemic performance of exports. Holidays during the festive period led to a broadbased deterioration across all the sub-sectors as well as use-based categories in October 2022, vis-à-vis September 2022. Relative to the preCovid levels of 2019, the IIP reported a modes...
IIP contracted by 4.0% in Oct 2022, led by higher number of holidays; high frequency indicators portend rebound in Nov 2022
IIP contracted by 4.0% in Oct 2022, led by higher number of holidays; high frequency indicators portend rebound in Nov 2022
Source: PR Agency
14/12/2022 9:28:26 AM
Industrial production of India contracts by 4% in October The Ministry of Statistics and Programme Implementation in its latest data has showed that industrial production of India, measured in terms of the Index of Industrial Production (IIP), contracted by 4 per cent in October 2022, mainly due to a decline in the manufacturing sector output and subdued growth in mining and power generation. With output growing by 3.5 per cent in September, the industry growth has turned back to negative after a gap of only one month. In August industrial productio...
Industrial production of India contracts by 4% in October
Industrial production of India contracts by 4% in October
Source: Accord Fintech
13/12/2022 10:16:05 AM
India November factory activity hits 3-month high as inflation cools India's factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, signalling resilient demand despite deteriorating global economic conditions as input cost inflation fell to a two-year low. Consumer inflation in South Asia's largest economy eased significantly in October to 6.77% from September's five-month high of 7.41%, indicating price rises may moderate and providing some succour to manufacturers. The Manufacturing P...
India November factory activity hits 3-month high as inflation cools
India November factory activity hits 3-month high as inflation cools
Source: Reuters
1/12/2022 11:37:54 AM
Index of eight core industries rise by 0.1% in October The combined index of eight core industries increased by 0.1 per cent in October 2022 as compared to the index of October 2021. The production of fertilisers, steel, coal and electricity generation increased in October 2022 over the corresponding month of last year, according to a data released by the Commerce ministry said. Fertilisers production increased by 5.4 per cent in October, 2022 over October, 2021. Its cumulative index increased by 10.5 per cent during April to October, 2022-...
Index of eight core industries rise by 0.1% in October
Index of eight core industries rise by 0.1% in October
Source: IANS
1/12/2022 10:08:30 AM
Output of eight core sectors expands by 7.9% in September The output of eight core industries expanded by 7.9 per cent in September 2022-- the highest in three months -- on account of better show by coal, fertiliser, cement and electricity segments. In September last year, the growth rate stood at 5.4 per cent. It was 4.1 per cent in August. The previous high was in June when the output expanded by 13.1 per cent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 p...
Output of eight core sectors expands by 7.9% in September
Output of eight core sectors expands by 7.9% in September
Source: Accord Fintech
1/11/2022 3:00:33 PM
India`s industrial production slips to 18-month low, contracts by 0.8% in August India’s industrial production growth, measured in terms of the Index of Industrial Production (IIP), slipped to an 18-month low, contracting by 0.8 per cent in August, mainly due to a decline in output of the manufacturing and mining sectors. The previous low in industrial output growth was a contraction of 3.2 per cent in February 2021. Factory output, measured in terms of the IIP, had expanded by 13 per cent in August 2021. The IIP grew by 2.2 per cent in July this year. The data rele...
India`s industrial production slips to 18-month low, contracts by 0.8% in August
India`s industrial production slips to 18-month low, contracts by 0.8% in August
Source: Accord Fintech
13/10/2022 11:50:06 AM
'First four months' performance consistent with IMF's growth forecast' Even as the global economic outlook is challenging, the International Monetary Fund (IMF) had forecast India's economy to grow at a robust rate of 7.4 per cent in 2022-23, the highest among major economies. According to the Monthly Economic Review published by the Ministry of Finance, the buoyant performance of some high-frequency indicators during the first four months of 2022-23 is consistent with IMF's forecast. "Index of Industrial Production (IIP) and eight core indust...
'First four months' performance consistent with IMF's growth forecast'
'First four months' performance consistent with IMF's growth forecast'
Source: IANS
20/08/2022 9:40:35 AM
India`s industrial production rises 12.3% in June Printing double digit number of second straight month, India's industrial production rose 12.3 per cent in June 2022 mainly due to strong performance by manufacturing, power and mining sectors. Though, factory output, measured in terms of the Index of Industrial Production (IIP), is lower than 19.6 percent recorded in May this year. The IIP had grown by 13.8 per cent in June 2021. For the month of June 2022, the Quick Estimates of IIP with base 2011-12 stood at 137.9. During April-June th...
India`s industrial production rises 12.3% in June
India`s industrial production rises 12.3% in June
Source: Accord Fintech
13/08/2022 4:19:41 PM
India`s industrial production grew 19.6% in May  India's industrial production grew by 19.6 per cent in May 2022, the National Statistical Office said. According to the Index of Industrial Production (IIP) data released by the NSO, the industrial growth in May was 19.6 per cent, higher than the growth logged the previous month. ICRA's Chief Economist Aditi Nayar said: "The sharp sequential increase in the industrial growth to the 12-month high 19.6 per cent in May 2022 was led by manufacturing and electricity, with ...
India`s industrial production grew 19.6% in May
India`s industrial production grew 19.6% in May
Source: IANS
13/07/2022 9:15:20 AM
Third Covid wave subdues India's January core sector growth sequentially Covid's third wave subdued India's eight core industries' production in January 2022 on a sequential basis, official data showed on Monday. The growth rate of the eight major industries in January 2022 rose to 3.7 per cent from 4.1 per cent in December 2021. The Index of Eight Core Industries' (ICI) index reading rose on a year-on-year basis, at 1.3 per cent during January 2021. The ICI index comprises 40.27 per cent of the weight of items included in the Index of Ind...
Third Covid wave subdues India's January core sector growth sequentially
Third Covid wave subdues India's January core sector growth sequentially
Source: IANS
1/03/2022 9:04:43 AM