NEW DELHI (Commodity Online): India's manufacturing sector has witnessed positive growth in September with the Index of Industrial Production for manufacturing rising by 2.1% to 175.7, according to Central Statistics Office of the Ministry of Statistics and Programme Implementation
Fifteen of the 22 industry groups in the manufacturing sector have shown positive growth during the month of September 2011 as compared to the corresponding month of the previous year. The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest growth of 25.0%, followed by 19.0% in ‘Other transport equipment’ and 16.6% in ‘Office, accounting & computing machinery’. On the other hand, the industry group ‘Electrical machinery & apparatus n.e.c.’ has shown a negative growth of 27.7% followed by 8.2% in ‘Furniture; manufacturing n.e.c.’ and 8.1% in ‘Wearing apparel; dressing and dyeing of fur’.
As per Use-based classification, the growth rates in September 2011 over September 2010 are 4.5% in Basic goods, (-) 6.8% in Capital goods and 1.5% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 8.7% and (-) 1.3% respectively, with the overall growth in Consumer goods being 3.5%.
Some of the important items of capital goods showing high negative growth during the current month and thus contributing to the low growth of the overall index for the month include ‘Cement Machinery’ [(-) 70.4%], ‘Sugar Machinery’ [(-) 63.8%], ‘Cable, Rubber Insulated’ [(-) 45.3%] and ‘Relays, Fuses and Switchgears’ [(-) 30.0%]. However, some important items of the capital goods are also showing significant growth. These are: ‘Conductor, Aluminium’ (45.0%), ‘Earth Moving Machinery’ (44.9%), ‘X-ray equipment’ (35.0%) and ‘Tractors’ (30.4%).
The other important items showing growth during the month are: ‘Fruit Pulp’ (90.6%), ‘Paraxylene’ (64.0%), ‘Stainless/ alloy steel’ (63.3%), ‘Woollen Carpets’ (61.9%), ‘Linear low density polyethylene’ (58.9%), ‘Tanned or Chrome Skins and Leathers’ (58.1%), ‘Steel Castings’ (48.0%), ‘Petroleum Coke’ (44.6%), ‘Scooter and Mopeds’ (33.0%), ‘Marble Tiles/Slabs’ (32.3%), ‘Polythene Bags including Hdpe & Ldpe Bags’ (31.5%) and ‘Telephone Instruments Including Mobile Phone And Accessories’ (31.1%).
The Index for mining sector fell -5.6% to 111.0 while electricity sector gained 9% at 144.1. The cumulative growth in mining, manufacturing and power during April-September, 2011-12 over the corresponding period of 2010-11 has been (-)1.0%, 5.4% and 9.4% respectively, which moved the overall growth in the General Index to 5.0%.
The General Index for the month of September 2011 stands at 163.2, which is 1.9% higher as compared to the level in the month of September 2010. The cumulative growth for the period April-September 2011-12 stands at 5.0% over the corresponding period of the previous year.
