November 06, 2024 01:16 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
India's factory output in February moves down by 1.2 pct

India's factory output in February moves down by 1.2 pct

| | 12 Apr 2017, 06:12 pm
New Delhi, Apr 12 (IBNS): India's factory output moved down by 1.2 per cent in February, official data released by the government on Wednesday said.

" The General Index for the month of February 2017 stands at 182.3, which is 1.2 percent lower as compared to the level in the month of February 2016. The cumulative growth for the period April-February 2016-17 over the corresponding period of the previous year stands at 0.4 percent," read an official statement.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2017 stand at 140.6, 190.1 and 182.5 respectively, with the corresponding growth rates of 3.3 percent, (-) 2.0 percent and 0.3 percent as compared to February 2016 (Statement I). The cumulative growth in these three sectors during April-February 2016-17 over the corresponding period of 2015-16 has been 1.6 percent, (-) 0.3 percent and 4.6 percent respectively.

In terms of industries, fifteen out of the twenty two industry groups ( as per 2-digit NIC-2004) in the manufacturing sector h ave shown negative growth during the month of February 2017 as compared to the corresponding month of the previous year (St atement II). The industry group ‘Tobacco products’ has shown the highest negative growth of (-) 42.8 percent followed by (-) 21.7 percent in ‘Food products and beverages’ and (-) 20.6 percent in ‘Office, accounting and computing machinery’. On the other hand, the industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest positive growth of 17.4 percent followed by 10.7 percent in ‘Wearing apparel; dressing and dyeing of fur’ and 9.9 percent in ‘Basic metals’.

As per Use-based classification, the growth rates in February 2017 over February 2016 are 2.4 percent in Basic goods, (-) 3.4 percent in Capital goods and (-) 0.2 percent in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 0.9 percent and (-) 8.6 percent respectively, with the overall growth in Consumer goods being (-) 5.6 percent.

Some important items that have registered high negative growth include ‘Woollen carpets’ [(-) 66.4%], ‘Plastic machinery including Moulding Machinery’ [(-) 52.2%], ‘Ship Building and Repairs’ [(-) 49.7%], ‘Sugar Machinery’ [(-) 47.8%], ‘Sugar’ [(-) 41.6%], ‘Molasses’ [(-) 39.0%], ‘Cigarettes’ [(-) 37.7%],  ‘Aluminium Conductor’ [(-) 29.3%], ‘Three-Wheelers (including passenger and goods carrier)’ [(-) 24.5%] and ‘Leather garments’ [(-) 22.0%].

Some important items showing high positive growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’ (241.2%), ‘Cement Machinery’ (116.5%), ‘Electric Sheets’ (90.1%), ‘HR Coils/ Skelp’ (29.1%), ‘Antibiotics and it’s preparations’ (25.6%), ‘Biaxially Oriented Polypropylene (BOPP) Film’ (25.5%) and ‘Stainless/ alloy steel’ (24.2%).

 

Image: Wikimedia Commons

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.