Coal news and updates

September IIP up 2.5% rises 2.8% for H1

November 13: India’s index of industrial production (IIP) with base 2004-05 rose 2.5% in September and stood at 171.7, showing an overall growth of 2.8% during the first half (April-September) of 2014-15, according to a quick estimate by the government.

An official release said the indices of industrial production for the mining, manufacturing and electricity sectors for the month of September 2014 stood at 116.0, 181.6 and 175.6 respectively, with the corresponding growth rates at 0.7%, 2.5% and 3.9% as compared to September 2013.

The cumulative growth in the three sectors during April-September, 2014-15 over the corresponding period of 2013-14 has been 2.1%, 2.0% and 10.4% respectively, the data said.

In terms of industries, 15 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month of September 2014 as compared to the corresponding month of the previous year.

Capital goods production, a barometer of demand, grew 11.6% to 259.4 in September, 2014 compared to a provisional contraction of 6.6% at 232.4 in the same month of last year.

The cumulative growth for April-September, 2014-15 over the corresponding period of the previous year stood at 5.8% against a provisional contraction of 0.6% in the same period of 2013-14.

The consumer durables segment too contacted by 11.3% in September, 2014 at 241.0   
as compared to a negative growth of 10.6% at 271.6 in the same month of the previous year.

The cumulative growth of the sector for April-August, 2014-15 stood at negative 12.6% as compared to a negative growth of 11.1% in the corresponding period of the previous year.

The consumer non-durables segment grew 1.5% in September, 2014 and by 1.3% during April-September, 2014-15 as against a growth of 12.0% in September 2013 and 7.6% in April-August, 2013-14, the data added.