Category Archives: Economics

Labour Force participation Rate higher in India Rural Areas than Urban Areas

27 Saturday Feb 2016

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Labour Force participation Rate higher in Rural Areas than Urban Areas, significantly lower for females than males: Economic Survey

Women account for 57% of employment given under MGNREGA in the Current Financial Year

1.75 lakh Rural Youth trained under Deen Dayal Upadhyaya Grameen Kaushalya Yojana during 2015-16

 The Economic Survey (2015-16) states that the proportion of economically active population (15-59 years) has increased from 57.7 per cent to 63.3 per cent during 1991 to 2013, as per Sample Registration System (SRS) data for 2013.

As per the Economic Survey, the employment growth in the organized sector (Public and Private combined) increased by 2% in 2012 over 2011, while it increased by only 1% in 2011 over 2010. The annual growth rate of employment for the private sector was 4.5 % in 2012 over 2011 whereas the public sector registered a marginal growth of 0.4 % in the same year.

The Fourth Annual Employment-Unemployment Survey conducted by the Labour Bureau during the period January 2014 to July 2014 has shown that the Labour Force Participation Rate (LFPR) is 52.5 % for all persons. However, the LFPR for rural areas stands at 54.7% which is much greater than that for rural areas i.e. 47.2 %. The LFPR for women is significantly lower than that for males in both rural and urban areas. As per the Survey, the Unemployment Rate is 4.7 % in rural areas and 5.5% in urban areas. The total unemployment rate reported is 4.9% as per the Labour Bureau Survey. These figures are much higher than the all India unemployment rates of the National Sample Survey Office (NSSO, 2012-11) which reported unemployment rate of 2.3% for rural areas, 3.8% for Urban Areas and 2.7% for India as a whole.

The Government has taken several measures including Labour reforms to improve the employment situation in the country as well as employment conditions for women. Some of the recent Labour reforms include the Payment of Bonus (Amendment) Act 2015, National Career Services Portal, Shram Suvidha Portal and Universal Account Number Facility.

The National Policy on Skill Development and Entrepreneurship 2015 aims to ensure ‘Skilling on a large Scale at a Speed with high Standards and promote a culture of innovation based entrepreneurship to ensure sustainable livelihoods’. The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) proposes to cover 24 lakh Indian youth with meaningful, industry relevant, Skill Based Training under which 5.32 lakh persons have already been enrolled. Of this number, 4.38 lakh have successfully completed training throughout India.

In addition, the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), a placement-linked skill development scheme for rural youth who are poor, as a skilling component of the National Rural Livelihood Mission (NRLM) has also been launched. During 2015-16, against a target of skilling 1.78 lakhs candidates under the DDU-GKY, a total of 1.75 lakh have already been trained and 0.60 lakh placed till November 2015.

With a view to increasing the scope of employability among differently-abled persons, the Government has launched a National Action Plan (NAP) for skill training. The plan has target of skilling 5 lakh differently-abled persons in next three years. Plans are also on the anvil to extend the NAP with an online skill-training platform with a target of 5 lakh every year.

Under Mahatma Gandhi National Rural Employment Guarantee Scheme, about 3.63 crore households have been provided employment of 134.96 crore person days during the Current Financial Year (as on 01.01.2016). Of this, 76.81 crore person days or 57% were availed of by women.

The Survey has expressed concern at the reported low rates of workforce participation for females. The level of financial inclusion of women in terms of number of women with bank accounts still remains low in India. However, it is noteworthy that there are women achievers in the financial sector, with leading nationalized banks and financial institutions headed by women, says the Economic Survey.

The Time Use Survey (TUS) being conducted in select states on a pilot basis has revealed the hidden contribution of women to the economy in the form of unpaid work. PUS is proposed to be extended to all states to design gender sensitive policies for employment and to make women’s work visible, says the Survey.

Per Capita Income in the India

27 Saturday Feb 2016

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As per the estimates of the Central Statistics Office (CSO), the per capita net national income of the country at current prices for the year 2015-16 is estimated to attain the level of Rs. 93231/-. The per capita net national income at constant (2011-12) prices for the year 2015-16 is estimated to attain the level of Rs. 77, 431/-.

As per the CSO’s estimates, the per capital net national income at current prices increased from Rs. 71050/- in 2012-13 to Rs. 79412/- in 2013-14 and further to Rs. 86,879/- in 2014-15. The per capita net national income at constant (2011-12) prices increased from Rs. 65,664/- in 2012-13 to Rs. 68867/- in 2013-14 and further to Rs. 72889 in 2014-15.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha on 26-February-2016.

India’s oil demand estimated to grow to 9.8 million barrels per day by 2040

24 Wednesday Feb 2016

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The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that according to World Energy Outlook-2015, a recent release of International Energy Agency, India’s oil demand is estimated to grow by 6 million barrels per day (mb/d), which is the largest projected for any country’s oil demand, from 3.8 mb/d in 2014 to 9.8 mb/d by 2040.

According to this report, it has been stated that given the expected availability of international Liquefied Natural Gas at markedly lower prices over the medium term, there is scope for gas demand to rebound and, recover to 68 bcm by 2020, before rising to almost 175 bcm in 2040.

Strategic crude oil reserves in the country

24 Wednesday Feb 2016

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The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that in 2006, an Expert Committee, constituted by the then Planning Commission, inter-alia, recommended to maintain a reserve, equivalent to 90 days of oil imports for strategic-cum-buffer stock purposes and/or buy options for emergency supplies from neighbouring large storages such as those available in Singapore.

The Government, through Indian Strategic Petroleum Reserve Limited (ISPRL) is setting up strategic crude oil reserves with storage capacity of 5.33 Million Metric Tonnes (MMT) at three locations viz. Visakhapatnam(1.33 MMT), Mangalore(1.5 MMT) and Padur (2.5 MMT). Also, Detailed Project Reports have been prepared for establishing additional crude oil reserves of 12.5 MMT at Chandikhol (3.75 MMT), Padur(2.5 MMT), Rajkot (2.5 MMT) and Bikaner (3.75 MMT).

At present, there is existing tankage of 14.8 MMT of crude oil and 13.7 MMT of petroleum products in the country which provides coverage of approximately 63 days as per consumption. Strategic crude oil reserves of 5.33 MMT being set up in phase-I and strategic crude oil reserve of 12.5 MMT in phase-II will give coverage of approximately 12 days and 28 days respectively as per present consumption.

Vishakhapatnam cavern has been commissioned and filled with crude oil. Mangalore and Padur caverns would be completed by March and May 2016 respectively.

Demand and Supply of Steel in the Country

24 Wednesday Feb 2016

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The Minister of Steel and Mines Shri Narendra Singh Tomar said in a statement laid on the table of the Rajya Sabha today that with a crude steel production capacity of about 101 MT (Million Tonnes) in 2013-14, India produced about 87.67 MT of finished steel with an apparent consumption of about 74.09 MT.  In 2014-15 also with a capacity of about 110 MT,  India produced about 91.45 MT of finished steel with an apparent consumption of about 76.99 MT.  Thus India is capable of meeting almost the entire domestic steel demand.  India has witnessed about 75.5% increase (year-on-year) in imports of total steel (Alloy + Non Alloy) in 2014-15 & about 24% increase during April ’15 – Jan’16.  The jump in imports is largely on account of global steel glut. Due to this reason, steel is being exported by China and other countries, often at below cost of production.  Further, a small quantity of high quality steel, not manufactured locally, is also imported.

In order to protect domestic steel sector, the Government has taken various measures which have reduced the pace of growth of imports. While imports grew by about 75% in the Financial Year 2014-15, compared to the Financial Year 2013-14, the import growth has slowed to about 24% in the period April’15 – Jan’16, compared to the same period in the last Financial Year. Various steps taken in this regard are as follows:

 

(i)       To ensure that only quality steel is produced or imported, Government has            notified Steel & Steel Products (Quality Control) Orders, 2012 dated 12.03.2012 and Steel & Steel Products (Quality Control) Orders, 2015 dated 15.12.2015.

(ii)       To increase availability of Coal and Iron ore for the domestic steel industry:

(a)     Notified the Coal Mines (Special Provisions) Amendment Act, 2015 on 30.03.2015 to streamline coal block allocations.

(b)     Notified the Mines and Minerals (Development and Regulation) Amendment Act, 2015 on 27.03.2015 to streamline grant of Mining Leases.

(iii)      The Union Budget 2015-16 has raised peak rate of basic customs duty on both flat and             non-flat steel to 15% from 10%.

(iv)      Hiked import duty on  ingots & billets, alloy steel (flat & long), stainless steel (long) and non-alloy long products from 5 % to 7.5%  and non-alloy and other alloy flat products from 7.5% to 10%.  Import Duty was further revised in August, 2015 on flat steel from 10% to 12.5%, long steel from 7.5% to 10% and semi-finished steel from 7.5% to 10%.

(v)       In November 2014, Government issued instruction to ensure import of rebars strictly as per Steel Product Quality Control Order 2012, to block influx of cheap imports of boron added rebars.

(vi)      In June, 2015, an Anti-Dumping Duty for five years on imports of certain    variety of hot-rolled flat products of stainless steel from China ($ 309 per          tonne), Korea ($ 180 per tonne) and Malaysia ($ 316 per tonne).

(vii)     Imposed, in September 2015, a provisional Safeguard Duty of 20% on hot-rolled flat products of non-alloy and other alloy steel, in coils of a width of 600 mm or more, for a period of 200 days.

(viii)    Imposed, vide its notification dated 05.02.2016, the Minimum Import Price (MIP) condition on 173 steel products. Imports of items covered under this notification will not be allowed into the country below the notified price.

 

Details of Demand (as actual consumption)

(in thousand tons)

Category : Total Finished steel 2012-13 2013-14 2014-15 2015-16

(April-Dec)
Bars & Rods 29445 29420 31081 24,246
Structurals 5987 6857 7301 5,609
Rly. Materials 946 870 851 623
Plates 4891 4177 4770 3,508
H.R. Coils\Skelp 19817 19991 20544 15,506
H.R. Sheets 485 965 1113 1223
C.R. Sheets\coils 8807 8526 8295 6,048
GP\GC Sheets 5230 5428 5554 4,175
Elec. Sheets 541 462 541 328
Tinplate (incl. ww) 434 462 525 324
Tin Mill Black Plate (TMBP) 5 4 1 3
Pipes (Large Dia.) 2046 1963 1993 1,538
Tin free steel 82 68 87 66
Alloy and Stainless Steel 5861 6102 6758 5,942

 

 

Details of Supply (as actual production for sale)

 (in thousand tons)

Category : Total Finished steel 2012-13 2013-14 2014-15 2015-16

(April-Dec)
Bars & Rods 28795 29550 32251 24803
Structurals 5932 6896 7495 5715
Rly. Materials 937 887 835 621
Plates 4161 3896 4700 2943
H.R. Coils\Skelp 19391 20806 20205 13638
H.R. Sheets 556 920 1138 1218
C.R. Sheets\coils 7654 7722 7509 5216
GP\GC Sheets 6287 6898 6892 4902
Elec. Sheets 155 126 140 92
Tinplate (incl. ww) 301 344 354 237
Tin Mill Black Plate (TMBP) 5 3 0 0
Pipes (Large Dia.) 2007 1978 2094 1567
Tin free steel 16 12 0 0
Alloy and Stainless Steel 5484 7637 8544 6759

Source : JPC

 

********

YSK

The Inequality Puzzle

24 Wednesday Feb 2016

Posted by in CHINA, Current Affairs, Economics, INTERNATIONAL NEWS, Opinion, Readers News Service, USA

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Dambisa Moyo

Dambisa Moyo

Over the past decade, income inequality has come to be ranked alongside terrorism, climate change, pandemics, and economic stagnation as one of the most urgent issues on the international policy agenda. And yet, despite all the attention, few potentially effective solutions have been proposed. Identifying the best policies for reducing inequality remains a puzzle.

To understand why the problem confounds policymakers, it is helpful to compare the world’s two largest economies. The United States is a liberal democracy with a market-based economy, in which the factors of production are privately owned. China, by contrast, is governed by a political class that holds democracy in contempt. Its economy – despite decades of pro-market reforms – continues to be defined by heavy state intervention.

But despite their radically different political and economic systems, the two countries have roughly the same level of income inequality. Each country’s Gini coefficient – the most commonly used measure of income equality – is roughly 0.47.

In one important way, however, their situations are very different. In the US, inequality is rapidly worsening. In 1978, the top 1% of the US population was ten times richer than the rest of the country. Today, the average income of the top 1% is roughly 30 times that of the average person in the remaining 99%. During the same period, inequality in China has been declining.

This poses a challenge for policymakers. Free market capitalism has proved itself to be the best system for driving income growth and creating a large economic surplus. And yet, when it comes to the distribution of income, it performs far less well.

Most democratic societies have attempted to address the problem through left-leaning redistributive policies or right-leaning supply-side approaches. But neither seems to be particularly effective. In the US, income inequality has steadily widened under both Democratic and Republican administrations. China’s success in this arena points to the possible advantages of its heavy-handed system – a conclusion that makes many Western policymakers uncomfortable.

One aspect of the discussion, however, need not be so controversial. Adding to the challenges of the policy debate are assertions that inequality is unimportant. If a rising tide is lifting all boats, the thinking goes, it doesn’t matter that some may be rising more slowly than others.

Those who argue for de-emphasizing income inequality maintain that public policy should seek to ensure that all citizens enjoy basic living standards – nutritious food, adequate shelter, quality health care, and modern infrastructure – rather than aiming to narrow the gap between rich and poor. Indeed, some contend that income inequality drives economic growth and that redistributive transfers weaken the incentive to work, in turn depressing productivity, reducing investment, and ultimately harming the wider community.

But societies do not flourish on economic growth alone. They suffer when the poor are unable to see a path toward betterment. Social mobility in the US (and elsewhere) has been declining, undermining faith in the “American Dream” (which includes the belief that hard work will make one better off than one’s parents). Over the past 30 years, the probability that an American born into the bottom quartile of the income distribution will end his life in the top quartile has more than halved.

To be sure, much progress has been made. Over the past 50 years, as countries such as China and India posted double-digit economic growth, the global Gini coefficient dropped from 0.65 to 0.55. But further headway is unlikely – at least for the foreseeable future.

Economic growth in most emerging economies has slowed below 7%, the threshold needed to double per capita income in a single generation. In many countries, the rate has fallen below the point at which it is likely to make a significant dent in poverty.

This bleak economic outlook has serious consequences. Widening inequality provides fodder for political unrest, as citizens watch their prospects decline. Reports that just 158 wealthy donors provided half of all campaign contributions in the first phase of the 2016 US presidential election cycle highlight the worry that income inequality can lead to political inequality.

Globally, the slowdown in economic convergence has similar implications, as richer countries maintain their outsize influence around the world – leading to disaffection and radicalization among the poor. As difficult a puzzle as income inequality may seem today, failing to solve it could lead to far more severe challenges.

© Project Syndicate

 This article first appeared in the

Global Crude oil price of Indian Basket was US$ 31.26 per bbl on 22.02.2016

23 Tuesday Feb 2016

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The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 31.26 per barrel (bbl) on 22.02.2016. This was higher than the price of US$ 31.07 per bbl on previous publishing day of 19.02.2016.

In rupee terms, the price of Indian Basket increased to Rs 2142.93 per bbl on 22.02.2016 as compared to Rs 2127.88 per bbl on 19.02.2016. Rupee closed weaker at Rs 68.55 per US$ on 22.02.2016 as against Rs 68.49 per US$ on 19.02.2016.The table below gives details in this regard:

 

Particulars     Unit Price on February 22, 2016 (Previous trading day i.e. 19.02.2016) Pricing Fortnight for 16.02.2016

(28 Jan to  11 Feb, 2016)
Crude Oil (Indian Basket) ($/bbl)               31.26             (31.07)   30.05
(Rs/bbl           2142.93         (2127.88) 2040.70
Exchange Rate   (Rs/$)               68.55             (68.49)     67.91

 

Global Crude oil price of Indian Basket was US$ 26.95 per bbl on 11.02.2016

13 Saturday Feb 2016

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The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.95 per barrel (bbl) on 11.02.2016. This was lower than the price of US$ 27.72 per bbl on previous publishing day of 10.02.2016.

In rupee terms, the price of Indian Basket decreased to Rs 1833.30 per bbl on 11.02.2016 as compared to Rs 1881.77 per bbl on 10.02.2016. Rupee closed weaker at Rs 68.02 per US$ on 11.02.2016 as against Rs 67.88 per US$ on 10.02.2016.The table below gives details in this regard:

 

Particulars Unit Price on February 11, 2016(Previous trading day i.e. 10.02.2016) Pricing Fortnight for 01.02.2016

(14 Jan to 27 Jan, 2016)
Crude Oil (Indian Basket) ($/bbl) 26.95             (27.72) 26.05
(Rs/bbl 1833.30         (1881.77) 1763.06
Exchange Rate (Rs/$) 68.02             (67.88) 67.68

 

Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of December, 2015 (Base 2004-05=100)

13 Saturday Feb 2016

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The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of December 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 15 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee, Ministry of Steel; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar & Vegetable Oils; Department of Fertilizers; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.

  1. The General Index for the month of December 2015 stands at 183.4, which is 1.3 percent lower as compared to the level in the month of December 2014. The cumulative growth for the period April-December 2015 over the corresponding period of the previous year stands at 3.1 percent.
  2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of December 2015 stand at 137.5, 192.0 and 183.2 respectively, with the corresponding growth rates of 2.9 percent, (-) 2.4 percent and 3.2 percent as compared to December 2014 (Statement I). The cumulative growth in three sectors during April-December 2015 over the corresponding period of 2014 has been 2.3 percent, 3.1 percent and 4.5 percent respectively.
  3. In terms of industries, ten out of the twenty two industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown negative growth during the month of December 2015 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Electrical machinery & apparatus n.e.c.’ has shown the highest negative growth of (-) 44.9 percent, followed by (-) 10.7 percent in ‘Publishing, printing & reproduction of recorded media’ and (-) 8.2 percent in ‘Tobacco Products’. On the other hand, the industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest positive growth of 82.0 percent, followed by 17.5 percent in ‘Office, accounting & computing machinery’ and 16.6 percent in ‘Furniture; manufacturing n.e.c.’.
  4. As per Use-based classification, the growth rates in December 2015 over December 2014 are 0.5 percent in Basic goods, (-) 19.7 percent in Capital goods and 0.9 percent in Intermediate goods (Statement III).  The Consumer durables and Consumer non-durables have recorded growth of 16.5 percent and (-) 3.2 percent respectively, with the overall growth in Consumer goods being 2.8 percent.
  5. Some important items showing high negative growth during the current month over the same month in previous year include ‘Cable, Rubber Insulated’            [(-) 85.2%], ‘Heat Exchangers’ [(-) 68.8%], ‘Cement Machinery’ [(-) 60.2%], ‘Soyabean oil’ [(-) 59.0%], ‘Polythene Bags including HDPE & LDPE Bags’          [(-) 53.9%], ‘Grinding Wheels’ [(-) 37.4%], ‘Ayurvedic Medicaments’ [(-) 24.4%], ‘Boilers’ [(-) 22.7%] and ‘Sponge Iron’ [(-) 22.5%].
  6. Some other important items that have registered high positive growth include ‘Woollen Carpets’ (184.1%), ‘Telephone Instruments including Mobile Phone and Accessories’ (141.1%), ‘Di Ammonium Phosphate (DAP)’ (46.8%), ‘Transformers (small)’ (38.8%), ‘Wood Furniture’ (36.9%), ‘Paraxylene’ (32.3%), ‘Commercial Vehicles’ (28.7%), ‘Gems and Jewellery’ (27.1%), ‘PVC Pipes and Tubes’ (24.6%) and  ‘Polypropylene (including co-polymer)’ (22.2%).
  7. However, growth rates in respect of individual items may not reflect their actual contribution in the overall growth rate of IIP. Taking into account the weights of different items, the overall growth rate of IIP can be decomposed into positive and negative contributions of different items. Such contributions of top five items with positive contribution and top five items with negative contribution are given below:
Item Group Weights (%) Contribution
High Negative Contributors
Cable, Rubber Insulated 0.12 -2.5736
sponge iron 0.99 -0.2854
Stainless/ alloy steel 0.64 -0.2197
Conductor, Aluminium 0.20 -0.1742
Heat Exchangers 0.10 -0.1655
High Positive Contributors
Telephone Instruments Including Mobile Phone And Accessories 0.22 0.7190
Commercial Vehicles 1.93 0.5224
Gems And Jewellery 1.77 0.3784
Electricity 10.32 0.3108
Mineral index 14.16 0.2971
  1. Along with the Quick Estimates of IIP for the month of December 2015, the indices for November 2015 have undergone the first revision and those for September 2015 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of November 2015 may undergo final (second) revision along with the release of IIP for the month of February 2016.
  2. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of December 2015, along with the growth rates over the corresponding month of the previous year including the cumulative indices and growth rates are enclosed.

 

 

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL
(Base : 2004-05=100)
Month Mining Manufacturing Electricity General
(141.57) (755.27) (103.16) (1000.00)
2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16
Apr 122.6 121.9 181.4 188.5 178.1 177.2 172.7 177.9
May 125.3 127.9 183.5 187.3 183.9 195.0 175.3 179.7
Jun 122.1 121.6 180.1 189.5 181.6 183.7 172.0 179.3
Jul 116.2 117.7 182.2 190.9 183.8 190.3 173.0 180.5
Aug 115.0 120.2 173.4 184.8 184.1 194.4 166.2 176.6
Sep 115.3 119.3 181.9 186.9 175.6 195.7 171.8 178.2
Oct 124.2 130.6 170.0 188.1 184.9 201.6 165.1 181.4
Nov 128.6 131.0 179.9 171.5 174.3 175.6 172.1 166.2
Dec* 133.6 137.5 196.8 192.0 177.6 183.2 185.9 183.4
Jan 136.7 200.7 176.7 189.2
Feb 129.6 192.7 166.0 181.0
Mar 149.0 210.3 176.4 198.1
Average
Apr-Dec 122.5 125.3 181.0 186.6 180.4 188.5 172.7 178.1
Growth over the corresponding period of previous year
Dec* -1.7 2.9 4.1 -2.4 4.8 3.2 3.6 -1.3
Apr-Dec 1.8 2.3 1.8 3.1 10.0 4.5 2.6 3.1
* Indices for Dec 2015 are Quick Estimates.
NOTE : Indices for the months of Sep’15 and Nov’15 incorporate updated production data.

 

 

STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)
(Base: 2004-05=100)
Industry Description Weight       Index           Cumulative Index   Percentage growth
code     Dec’14 Dec’15 Apr-Dec Dec’15 Apr-Dec
          2014-15 2015-16   2015-16
15 Food products and beverages 72.76 231.2 223.4 157.2 149.1 -3.4 -5.2
16 Tobacco products 15.70 128.2 117.7 108.6 104.8 -8.2 -3.5
17 Textiles 61.64 154.6 162.8 151.0 154.7 5.3 2.5
18 Wearing apparel; dressing and dyeing of fur 27.82 223.5 224.8 170.4 185.3 0.6 8.7
19 Luggage, handbags, saddlery, harness & footwear; tanning and dressing of leather products 5.82 156.0 144.3 145.8 146.8 -7.5 0.7
20 Wood and products of wood & cork except furniture; articles of straw & plating materials 10.51 166.6 165.0 147.4 154.2 -1.0 4.6
21 Paper and paper products 9.99 143.2 147.2 142.1 146.5 2.8 3.1
22 Publishing, printing & reproduction of recorded media 10.78 183.0 163.5 176.7 161.2 -10.7 -8.8
23 Coke, refined petroleum products & nuclear fuel 67.15 155.5 160.2 143.0 149.7 3.0 4.7
24 Chemicals and chemical products 100.59 144.6 147.8 137.1 143.7 2.2 4.8
25 Rubber and plastics products 20.25 191.2 193.1 186.0 187.9 1.0 1.0
26 Other non-metallic mineral products 43.14 172.4 173.1 167.0 165.3 0.4 -1.0
27 Basic metals 113.35 231.1 218.9 219.1 223.0 -5.3 1.8
28 Fabricated metal products, except machinery & equipment 30.85 197.3 189.4 175.3 176.8 -4.0 0.9
29 Machinery and equipment n.e.c. 37.63 227.3 215.8 211.9 216.0 -5.1 1.9
30 Office, accounting & computing machinery 3.05 94.7 111.3 67.6 66.4 17.5 -1.8
31 Electrical machinery & apparatus n.e.c. 19.80 544.8 300.0 497.1 501.3 -44.9 0.8
32 Radio, TV and communication equipment & apparatus 9.89 164.6 299.5 353.7 349.5 82.0 -1.2
33 Medical, precision & optical instruments, watches and clocks 5.67 109.6 113.5 105.1 98.4 3.6 -6.4
34 Motor vehicles, trailers & semi-trailers 40.64 210.1 234.2 219.6 236.2 11.5 7.6
35 Other transport equipment 18.25 251.3 247.2 265.4 265.4 -1.6 0.0
36 Furniture; manufacturing n.e.c. 29.97 146.4 170.7 110.7 173.5 16.6 56.7
10 Mining & Quarrying 141.57 133.6 137.5 122.5 125.3 2.9 2.3
15-36 Manufacturing 755.27 196.8 192.0 181.0 186.6 -2.4 3.1
40 Electricity 103.16 177.6 183.2 180.4 188.5 3.2 4.5
General Index 1000 185.9 183.4 172.7 178.1 -1.3 3.1
n.e.c.: Not Elsewhere Classified
*Industry codes are as per National Industrial Classification 2004

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED
(Base : 2004-05=100)
  Basic goods Capital goods Intermediate goods Consumer goods Consumer durables Consumer non-durables
Month (456.82) (88.25) (156.86) (298.08) (84.60) (213.47)
  2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16
Apr 163.0 167.3 235.0 248.0 149.7 153.2 181.5 186.5 255.4 258.7 152.2 157.9
May 167.1 177.4 228.0 234.9 155.5 157.4 182.7 178.7 262.7 252.4 151.0 149.5
Jun 163.5 171.9 270.7 265.4 151.2 153.1 166.9 179.0 211.9 246.1 149.0 152.4
Jul 162.8 171.6 263.2 289.9 155.4 158.5 171.3 173.2 220.9 244.2 151.7 145.1
Aug 164.0 170.0 220.6 267.5 151.9 156.2 161.1 170.8 218.8 256.0 138.3 137.0
Sep 161.3 168.0 260.9 287.2 151.3 154.0 172.4 174.5 241.5 262.0 145.0 139.8
Oct 167.9 175.0 239.2 278.3 145.5 154.8 149.0 176.4 191.8 272.9 132.0 138.2
Nov 168.2 167.0 252.1 190.3 151.4 149.4 165.1 166.8 201.6 226.8 150.6 143.0
Dec* 174.6 175.4 269.7 216.6 159.0 160.5 192.4 197.8 208.0 242.3 186.2 180.2
Jan 175.4 270.5 158.3 202.3 246.6 184.8
Feb 164.6 254.9 151.8 199.6 251.2 179.2
Mar 180.8 331.5 164.8 202.7 261.9 179.3
Average
Apr-Dec 165.8 171.5 248.8 253.1 152.3 155.2 171.4 178.2 223.6 251.3 150.7 149.2
Growth over the corresponding period of previous year
Dec* 5.9 0.5 6.1 -19.7 1.1 0.9 0.6 2.8 -9.2 16.5 5.6 -3.2
Apr-Dec 8.0 3.4 5.1 1.7 1.8 1.9 -4.9 4.0 -15.2 12.4 2.3 -1.0
 
* Indices for Dec 2015 are Quick Estimates.
NOTE : Indices for the months of Sep’15 and Nov’15 incorporate updated production data.

 

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