SME Times News Bureau | 13 Mar, 2018
Factory output for the
month of January doubled to 7.5 per cent y-o-y from 3.5 recorded in
the same month last year in the corresponding month, official data
released Monday showed.
welcomed the "pick-up in growth trajectory" witnessed in
the beginning of the calendar year.
Commenting on the IIP
numbers, industry chamber Assocham described these as signs of "an
underlying pick-up in the growth trajectory".
would be safe to assume that a lot of advantage has accrued because
of the low base effect of the previous year when the growth had
plunged following the demonetisation, said Assocham Secretary General
D.S. Rawat in a statement.
The Index of Industrial
Production (IIP), however, rose marginally over the 7.1 per cent
registered in December 2017, a Central Statistics Office (CSO)
release said here.
The cumulative IIP growth for the
April-January period of the current fiscal, at 4.1 per cent, was
lower than the 5 per cent posted in same period of 2016-17.
line with the recent trend of recovery in manufacturing, the sector,
which constitutes 77.63 per cent of the index, grew by 8.7 per cent
during January, as compared to 2.5 per cent in the same month last
The January IIP was also boosted by a higher
offtake of consumer and capital goods.
output in the month under consideration increased sharply by 14.6 per
cent, as against a fall of 0.6 per cent in January last
Consumer durables recorded a growth rate of 8 per
cent as against a decline of 2 per cent in the same month a year
The mining sector, however, registered negligible
growth of 0.1 per cent, as compared to 8.6 per cent rise in January
During January, 16 out of 23 industry groups in
the manufacturing sector showed positive growth.
terms of industries, sixteen out of the twenty three industry groups
in the manufacturing sector have shown positive growth during the
month of January 2018 as compared to the corresponding month of the