Index of Industrial Production (IIP) contracts first time in three months to 1.9% in Nov 2020

The country's Index of Industrial Production (IIP) stood at (-)1.9% in November 2020 compared to growth of 4.1% and 0.5% of October and September 2020. Cumulatively between April - November 2020, the index stood at (-)15.5%.

The Quick Estimates of IIP with base 2011-12 stands at 126.3.

IIP has contracted for the first time in three months. IIP stood at (-)7.4% in August 2020.

According to the Ministry of Statistics & Programme Implementation, the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for November 2020 stand at 104.5, 128.4 and 144.8 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

Further, as per Use-based classification, the indices stand at 121.3 for Primary Goods, 84.6 for Capital Goods, 136.7 for Intermediate Goods and 135.5 for Infrastructure/ Construction Goods for November 2020. Further, the indices for Consumer durables and Consumer non-durables stand at 115.9 and 149.1 respectively for November 2020.