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India’s IIP in February increases 5 percent to 181.3

April 13: India’s index of industrial production (IIP) with base 2004-05 rose 5% in February 2015 to stand at 181.3, showing an overall growth of 2.8% during April-February, 2014-15, according to a quick estimate by the government.

An official release said the indices of industrial production for the mining, manufacturing and electricity sectors for the month of February 2015 stood at 130.7, 192.9 and 166.0 respectively, with the corresponding growth rates at (-2.8)%, 3.3 % and 2.7% as compared to January 2014.

The cumulative growth in the three sectors during April-January, 2014-15 over the corresponding period of 2013-14 has been 2.5%, 5.2% and 5.9% respectively, the data said.

In terms of industries, 15 out of the 22 industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown positive growth during the month of February 2015 as compared to the corresponding month of the previous year

Capital goods production, a barometer of demand, grew 8.8% to 255.9 in February, 2015 compared to a negative growth of 17.6% at 235.3 in the same month of last year.

The cumulative growth for April-February, 2014-15 over the corresponding period of the previous year stood at 6.0% against a provisional contraction of 2.6% in the same period of 2013-14.

The consumer durables segment contacted by 3.4% in February, 2015 at 252.3 as compared to a negative growth of 9.8% at 261.2 in the same month of the previous year.

The cumulative growth of the sector for April-February, 2014-15 stood at negative 13.3% as compared to a negative growth of 12.3% in the corresponding period of the previous year.

The consumer non-durables segment grew 10.7% in February, 2015 and by 2.8% during April-February, 2014-15 as against a de-growth of 2% in February 2014 and 4.8% in April-February, 2013-14, the data added.