For May 2024, the Quick Estimates of IIP with base 2011-12 stands at 154.2 against 145.6 in May 2023.
The IIP growth rate for May 2024 over May 2023 is at a 7-month high of 5.9 %. The IIP growth rate in May 2023 was 5.7 %.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for May 2024 stand at 136.5, 149.7 and 229.3 respectively.
The growth rates of Mining, Manufacturing and Electricity sectors for May 2024 over May 2023 are 6.6 %, 4.6 % and 13.7 % respectively.
In May 2024, overall manufacturing growth fell to 4.6%. The 13.7 per cent growth in electricity stood at seven-month high level.
As per Use-based classification, the indices stand at 160.9 for Primary Goods, 105.2 for Capital Goods, and 160.8 for Intermediate Goods for May 2024.
The indices stand at 185.1 for Infrastructure/ Construction Goods for May 2024.
The indices for Consumer durables and Consumer non-durables stand at 129.8 and 153.3 respectively for May 2024.
For April-May 2024, IIP grew 5.4%. This was higher than 5.1% in April-May 2023.
Within the manufacturing sector, the top three positive contributors to the growth of IIP for May 2024 are basic metals (7.8%), pharmaceuticals, medicinal chemical and botanical products (7.5%), and electrical equipment (14.7%).
Based on use-based classification, top three positive contributors to the growth of IIP for May 2024 are Primary goods, Consumer durables and Infrastructure/Construction goods
