Factory growth up 4.3% in December

NEW DELHI: With the substantial increase of power generation and mining output, India’s industrial production rose by 4.3 per cent in December 2022, but at a slower pace as against 7.1 per cent in preceding month, the official data of ministry of statistics and programme implementation showed on Friday.

As per the data, the factory output measured in terms of the Index of Industrial Production or IIP grew only by 1 per cent in December 2021 and for the April-December period it grew by 5.4 per cent. “The manufacturing sector’s output grew by 2.6 per cent in December 2022, while the mining output rose by 9.8 per cent and power generation increased by 10.4 per cent during the month under review,” the data showed.

For the month of December 2022, the data showed, the quick estimates of IIP with base 2011-12 stands at 144.7. “The indices of industrial production for the mining, manufacturing and electricity sectors for the month of December 2022 stand at 132.2, 143.5 and 179.4 respectively,” it showed.

The industrial output, as classified by the end use of goods, also showed that many sectors witnessed a marginal rise in percentage terms but some also fell in the indices. “The primary goods output rose by 8.3 per cent, capital goods grew 7.6 per cent, infrastructure and construction goods by 8.2 per cent and consumer non-durables by 7.2 per cent, while intermediate goods output fell 0.3 per cent and consumer durables fell by 10.4 per cent,” the data showed.