10 Aug 2012

Statement of Srikant Kumar Jena

Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics & Programme Implementation announced the release of the monthly Quick Estimates of Index of Industrial Production (IIP) for the month of June 2012 compiled by the Central Statistics Office. The index is a composite indicator that measures the short term changes in the volume of industrial production. According to the index, the industrial growth for the month of June’12 over the corresponding month of the previous year
is (-)1.8%. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are 0.6%, (-)3.2% and 8.8% respectively. The Minister further added that as per “use-based” classification there have been negative growths in consumer non-durables (-1.0%) and capital goods (-27.9%) whereas positive growths have been achieved in basic goods (4.1%), intermediate goods (1.6%) and consumer durables (9.1%).

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