India's industrial output moderates in April

India's industrial output, as measured by the all-India Index of Industrial Production (IIP) stood grew by 6.3% in April 2011 as per the new series, the Central Statistics Office (CSO) said on Friday. This is lower as compared to the 8.8% expansion in March as per the new series. Industrial output grew by a modest 4.4% in April this year versus 7.3% in March 2011 as per the old series, the CSO said.

The annual growth rate in IIP for the period April-March 2010-11 stood at 8.2% over the corresponding period of the previous year as per the new series. Industrial production rose by just 5.3% in the previous financial year (2009-10).



The base year of all-India IIP has been revised by the CSO, from 1993-94 to 2004-05. The Quick Estimates of IIP for April 2011 has been released by the CSO with this revised base. The IIP stood at 167.8 in April 2011 as per the new series. The IIP for April 2010 stood at 157.8 while that for March 2011 IIP was at 192.1.

The following is the break-up of IIP for April 2011 (as per new series):

Sectoral:

Manufacturing - 6.9% vs 14.4% YoY.

Mining - 2.2% vs 9.2% YoY.

Electricity - 6.4% vs 6.5% YoY.

Use-based:

Capital Goods - 14.5% vs 35.5% YoY.

Basic Goods - 7.3% vs 6.7% YoY.

Intermediate Goods - 3.4% vs 11.9% YoY

Consumer Durables - 3.8% vs 23.3% YoY.

Consumer Non-durables - 2.1% vs 6.8% YoY.

Consumer Goods - 2.9% vs 13.8% YoY.

Source: CSO.