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Index Of Industrial Production December 2022: Big news related to the industrial development of the country is coming out. The Modi government at the Center (Modi Govt) has released the data related to the country’s industrial production (IIP Data) on Friday (February 10). Last year in December 2022, industrial production has come down to 4.3 percent. Earlier in November 2022, industrial production was at 7.3 percent. Know how much difference has been made in the production.
There was a boom in November
According to the latest data released by the Ministry of Statistics, if we look at the Index of Industrial Production, in November 2022, there was a great increase in the country’s industrial production. Industrial production stood at 7.3 percent in November last. Earlier, it had seen an increase of 5.4 percent for the April-December period. In the month of October 2022, there was a decline of 4 percent in the industrial production of the country.
increased production in the core sector
The growth rate in the core sector of the country has been mixed. According to the data, the production of 8 infrastructure sector industries has increased at the rate of 7.4 percent in December, 2022. Which has been the highest in the last 3 months. This figure was 4.1 percent in the same period last year.
what do the figures say
The production of capital goods sector has increased by 7.6 percent in December, 2022. It had declined by 3 percent in the same month a year ago. The output of the consumer durables sector declined by 10.4 percent. Also, the sector’s production had decreased by 1.9 percent in the same month a year ago. An increase of 7.2 percent has been observed in the production of consumer non-durable goods.
increase less than last year
In the year 2021, in November, the production of this sector was increased by 0.3 percent. There has been an increase of 8.2 percent in the production of infrastructure construction goods. A year ago this growth was 2 percent. Industrial production has increased by 5.4 percent in the first 9 months (April-December) of the current financial year. In the same period a year ago, the growth of industrial production was 15.3 percent.
mining decreased
Compared on an annual basis, the growth of industrial production has increased significantly. In December 2021, industrial production had increased by one percent. There has been an increase of 2.6 percent in the production of the manufacturing sector in December 2022. A year ago, the production of this sector had increased by 0.6 percent. In November 2022, there was an increase of 6.4 percent in the production of the manufacturing sector. Mining production increased by 9.8 percent in the month. In December 2021, the production of the mining sector had increased by 2.6 percent. The production of the power sector has increased by 10.4 percent. In the same month a year ago, the growth of power generation was 2.8 percent.
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