Coal news and updates

India’s July IIP up by 0.5%

September 12: India’s index of industrial production (IIP) with base 2004-05 rose by 0.5% in July and stood at 172.3, showing an overall growth of 3.3% during the first four months (April-July) of 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 July 2014 stood at 118.5, 180.8 and 183.8 respectively, with the corresponding growth rates of 2.1%, (-) 1.0% and 11.7% as compared to July 2013.

The cumulative growth in the three sectors during April-July, 2014-15 over the corresponding period of 2013-14 has been 2.8%, 2.3% and 11.4% respectively.

In terms of industries, 12 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of July 2014 as compared to the corresponding month of the previous year.

The industry group ‘Other transport equipment’ has shown the highest positive growth of 17.1%, followed by 12.3% in “basic metals” and 11.8% in “other non-metallic mineral products”.

On the other hand, the industry group “Radio, TV and communication equipment & apparatus” has shown the highest negative growth of (-) 58.3%, followed by (-) 26.0% in “office, accounting & computing machinery” and (-) 17.4% in “furniture; manufacturing n.e.c.”.

As per use-based classification, the growth rates in July 2014 over July 2013 are 7.6% in basic goods, (-) 3.8% in capital goods and 2.6% in intermediate goods (Statement III).  Consumer durables and consumer non-durables have recorded growth of (-) 20.9% and 2.9% respectively, with the overall growth in consumer goods being (-) 7.4%.

Some of the important items showing high positive growth during the current month over the same month in the previous year include “stainless/ alloy steel” (108.7%), “relays, fuses and switchgears’ (72.9%), “vitamins” (68.9%), “air-conditioner (room)” (58.3%), “plastic machinery incl. moulding machinery’ (45.9%)’, ‘ayurvedic medicaments’ (39.0%), “fruit pulp” (37.8%), “scooter and mopeds” (35.0%), “fasteners (excl. zip-fasteners)” (28.2%), “colour TV sets” (27.3%), “three-wheelers (including passenger & goods carrier)” (22.2%) and “biaxially oriented polypropylene (bopp) film” (21.3%).

Some of the other important items showing high negative growth are: “telephone instruments (incl mobile phones & accessories)” [(-) 67.2%], “sugar” [(-) 60.3%],  “aluminium conductor” [(-) 46.1%], “computers” [(-) 36.9%], “generator/ alternator” [(-) 36.9%], “sacking” [(-) 36.0%], “gems and jewellery”[(-) 32.2%], “sugar machinery” [(-) 31.1%], “wood furniture” [(-) 30.3%] and “cigarettes” [(-) 23.8%].