New Delhi, November 11: The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2019 stood at 123.3, which is 4.3 percent lower as compared to the level in the month of September 2018. The IIP for the month of August 2019 was 126.2 while that of July was 131.5. According to a government press release, the cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 percent.

The release informed that the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of September 2019 stand at 86.5, 126.5 and 158.7 respectively, with the corresponding growth rates of (-) 8.5 percent, (-) 3.9 percent and (-) 2.6 percent as compared to September 2018. The cumulative growth in these three sectors during April-September 2019 over the corresponding period of 2018 has been 1.0 percent, 1.0 percent and 3.8 percent respectively.  Economic Crisis in India: Congress All Set to Take on Narendra Modi Govt, Plans Massive Agitation Across Country From October 15.

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As per use-based classification, the growth rates in September 2019 over September 2018 are (-) 5.1 percent in Primary goods, (-) 20.7 percent in Capital goods, 7.0 percent in Intermediate goods and (-) 6.4 percent in Infrastructure/ Construction Goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of (-) 9.9 percent and (-) 0.4 percent respectively.

In August, the Industrial output had declined by 1.1 per cent due to poor performance by manufacturing, power generation and mining sectors. Also, the Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018. The overall IIP growth during April-August period was 2.4 per cent, down from 5.3 per cent in the corresponding period of the last fiscal.

(The above story first appeared on LatestLY on Nov 11, 2019 07:02 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).