Index of Industrial Production (IIP) in India

Index Of Industrial Production (IIP)

INDIA
127.7

June 2018

   7.04% (YoY)
- 1.54% (MoM)
Previous Value: 129.7 (May 2018)


Index Of Industrial Production (IIP)
Trend

MONTH
INDEX
YoY CHANGE
Jun 2018
127.7
7.04%
May 2018
129.7
3.93%
Apr 2018
122.9
4.77%
Mar 2018
140.3
5.33%
Feb 2018
127.4
6.88%
Jan 2018
132.3
7.47%
(Base Year: 2011-12)

Index Of Industrial Production

Year Over Year Change
7.04%
June 2018

Chart of Current Index of Industrial Production (IIP)

Select Range:
Source: MOSPI

Index Of Industrial Production (IIP)

The Index Of Industrial Production (IIP) in June 2018 rose by 7.04% (YoY)

from an year ago.

According to data released by the Central Statistics Office (CSO), the country's IIP in Jun 2018 was pegged at 127.7, compared to 119.3 reported in the corresponding period last year.

This months IIP figure represents a decline of 1.54% (MoM) since last month, as IIP for May 2018 stood at 129.7.


Current Index Of Industrial Production (IIP)

IIP: Sector-Based Classification

Current Previous CHANGE
INDEX June 2018 May 2018      MoM      YoY
Mining 105.0 107.6 2.42% 6.60%
Manufacturing 128.6 130.2 1.23% 6.90%
Electricity 159.9 164.7 2.91% 8.48%
IIP Index 127.7 129.7 1.54% 7.04%

IIP: Use-Based Classification

Current Previous CHANGE
INDEX June 2018 May 2018      MoM      YoY
Primary Goods 127.2 129.0 1.40%  9.28%
Capital Goods 109.4 106.6 2.63%  9.62%
Intermediate Goods 122.9 124.3 1.13%  2.42%
Infrastructure, Construction Goods 141.3 140.5 0.57%  8.53%
Consumer Durables 133.0 133.1 0.08%  13.10%

Chart for Historical Index of Industrial Production (IIP)

Historical Graph

What is Index of Industrial Production (IIP)?

The All India Index of Industrial Production (IIP) is a composite indicator that measures the short-term changes in the volume of production of a basket of industrial products during a given period with respect to that in a chosen base period.

Index of Industrial Production (IIP) has historically been one of the most well-known and well-used indicator used for comparison of economic performance over time. The IIP measures volume changes in the production of an economy, and therefore provides a measurement that is free of influences of price changes, making it an indicator of choice for many applications.

This indicator is of paramount importance to the Government for policy planning purposes and is also being extensively used by various organizations including Industrial Associations, Research Institutes and Academicians.


  • Manufacturing still has the greatest multiplier effect, in terms of job creation, of any sector of the economy.

  • ~ William Clay Ford, Jr.


Index Of Industrial Production in India

In India, Index Of Industrial Production (IIP) is compiled and published monthly by the Central Statistics Office (CSO) with the time lag of six weeks from the reference month.

Sectoral composition of the IIP

The IIP series has a total of 809 items occurring in the manufacturing sector in the item basket (405 item groups). The basket of Mining Sector (1 item group) comprises of 29 minerals identified by the Indian Bureau of Mines (IBM). The Basket of Electricty (1 item group) also caputures electricity generated from renewable sources.

Sector Weights Item groups
Mining   14.373%     1
Manufacturing   77.633% 405
Electricity     7.994%     1
Total 100.000% 407

Use-Based Classification of the IIP

Use-based classifications (UBCs) adopted in the IIP series are as follows:

  • Primary goods - consisting of Mining, Electricity, Fuels and Fertilizers;
  • Capital goods - e.g. Machinery items;
  • Intermediate goods - e.g. yarns, chemicals, semi-finished steel items, etc.;
  • Infrastructure/ Construction goods - e.g. paints, cement, cables, bricks and tiles, rail materials, etc.
  • Consumer durables - e.g. garments, telephones, passenger vehicles, etc.; and
  • Consumer nondurables - e.g. food items, medicines, toiletries, etc.
Sector Weights Item groups
Primary Goods   34.05%   15
Capital Goods   17.22% 110
Intermediate Goods     8.22%   67
Infrastructure, Construction Goods   12.34%   29
Consumer Durables   12.84%   86
Consumer Non-Durables   15.33% 100
Total 100.00% 407

Source Agencies

The monthly production data for the compilation of new series of IIP are now being made available to the CSO by fourteen (14) source agencies viz.

  1. Indian Bureau of Mines (IBM)
  2. Directorate of Sugar & Vegetable Oils
  3. Tea Board
  4. Coffee Board
  5. Office of the Textile Commissioner
  6. Office of the Jute Commissioner
  7. Office of the Coal Controller
  8. Minister of Petroleum and Natural Gas
  9. Joint Plant Committee (Iron & Steel)
  10. Railway Board
  11. Department of Industrial Policy & Promotion
  12. Department of Chemicals and Petrochemicals
  13. Department of Fertilizers
  14. Central Electricity Authority

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Historical Index of Industrial Production (IIP)

Select Month
Sector-based Classification
Index Of Industrial Production
Mining
Manufacturing
Electricity
Use-Based Classification
Primary Goods
Capital Goods
Intermediate Goods
Infrastructure/Construction Goods
Consumer Durables
Consumer Non Durables

Base Year: 2011-12

Index Of Industrial Production

Items Basket

Comprehensive list of all items-groups with their respective weightage and classification.

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Index Of Industrial Production

Detailed Monthly Data

Current & Historical Month-wise listing of Data of all subsets of IIP.

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Index Of Industrial Production (IIP)
Annual Trend

YEAR
INDEX
CHANGE
2017-18
125.2
4.33%
2016-17
120.0
4.62%
2015-16
114.7
3.33%
2014-15
111.0
4.03%
DATE INDEX CHANGE
Jun 2018 127.7   2.0
May 2018 129.7   6.8
Apr 2018 122.9   17.4
Mar 2018 140.3   12.9
Feb 2018 127.4   4.9
Jan 2018 132.3   1.7
Dec 2017 130.6   4.8
Nov 2017 125.8   3.3
Oct 2017 122.5   0.6
Sep 2017 123.1   1.0
Aug 2017 122.1   4.1
Jul 2017 118.0   1.3
Jun 2017 119.3   5.5
May 2017 124.8   7.5
Apr 2017 117.3   15.9
Mar 2017 133.2   14.0
Feb 2017 119.2   3.9
Jan 2017 123.1   1.4