Coal news and updates

India’s April IIP up 3.4% y-o-y

June 12: India's Index of Industrial Production (IIP) increased 3.4% on a year-on-year basis in April, 2014, according to provisional data released by the Ministry of Statistics and Programme Implementation.

The cumulative growth for the period April-March 2013-14 over the corresponding period of the previous year stands at (-) 0.1%.
On month-on month basis, however, there was growth in the IIP as against a 0.5% y-o-y contraction in March 2014. 

In April, growth in manufacturing sector along with other in core infrastructure industries such as mining and electricity led to the growth in industrial production.

During April, 2014, manufacturing sector grew 2.6% to 180.7 as against a growth of 1.8% in the year-ago period (April 2013).

In April, power generation grew by 11.9% in April, 2014, over a 2.4% growth during April 2013. In 2013-14 power generation grew by 6.1% over a growth of 4.0% in 2012-13.
The mining sector, with a weight of about 14% in the IIP, grew by 1.2% to 122.0 in April, 2014 over a contraction of 3.4% in April 2013. The sector contracted 0.6% to 124.5 in 2013-14 as against a 2.3% contraction in 2012-13.

Capital goods production, a barometer of demand, grew 15.7% to 239.8 in April, 2014 compared to a contraction of 0.3 in the same month of last year (April 2013). In 2013-14, the sector contracted almost 4% to 242 during the year in review compared to a contraction of 6% in 2012-13.

In April, 2014, the consumer durables segment contracted by contracted by 7.6% y-o-y compared to a contraction of 9.6% in April 2013. In 2013-14 the sector contacted by 12.2% to 264.4 compared to a growth of 2% in 2012-13.

In April 2014, consumer non-durables contacted 3.3% y-o-y as against 11.3% growth in the same month year ago. The sector grew 5.0% in 2013-14 compared to a growth of 2.8% in 2012-13. In March, 2014, the consumer non-durable segment grew 7.2% y-o-y as against a growth of 7.3% in March 2013.