Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
August 19, Saturday 2017 6:47 PM       

       HEADLINES: Sreenath's family submits complaint to CM                                              Probe needed against Thomas Chandy: A K Antony                                              Malappuram collector orders to remove check-dam constructed by P V Anwar MLA                                              Yet another ‘Blue Whale’ death in Kerala? Mother talks about her dead son                                              Banned currency worth Rs. 10 crore ceased from Kayamkulam                                              Solution to Kashmir, terrorism, before 2022: Rajnath                                              Yogi takes dig at Rahul, says Gorakhpur isn’t 'picnic spot'                                              RBI to issue new fluorescent blue Rs 50 notes                                              14 dead in twin attacks as Spanish police launch manhunt                                              Indonesia begins countdown to 2018 Asian Games                                              Some felt Kumble was strict but not me, says Wriddhiman Saha                                              Kaumudi Facebook
       BUSINESS Next Article: Paytm to levy 2% fee on topping up wallets with credit cards  
       IIP bounces back in Jan, expands by 2.7 pc
 
         Posted on :21:11:37 Mar 10, 2017
   
A A
       Last edited on:21:17:10 Mar 10, 2017
         Tags: IIP bounces, back in Jan, expands by 2.7 pc
 
NEW DELHI: Industrial production bounced back in January expanding by 2.7 per cent year-on-year mainly due to better performance by the capital goods segment, a barometer of investment activities.
 
The factory output, measured in terms of Index of Industrial Production (IIP), had contracted by 0.1 per cent in December on account of cash crunch following demonetisation of high value currency notes.
 
The industry output had expanded by 5.53 per cent in November. The capital goods segment grew by 10.7 per cent in January against a contraction of 21.6 per cent in the same month of last financial year.
 
The basic goods category expanded by 5.3 per cent against 1.9 per cent growth in January 2016. On the other hand, the intermediate goods category contracted by 2.3 per cent.
 
Despite quickening of remonetisation process, the consumers goods segment contracted by 1 per cent in January. It comes over a 0.1 per cent decline in January 2016.
 
In the consumer goods segment, durable items expanded by 2.9 per cent, but non-durable contracted by 3.2 per cent.
 
IIP as a whole had contracted by 1.6 per cent in January 2016. On cumulative basis, IIP during April-January 2016-17 showed an expansion of 0.6 per cent, which was lower than 2.7 per cent reported in the year-ago period.
 
The indices of industrial production for mining, manufacturing and electricity sectors posted growth rates of 5.3 per cent, 2.3 per cent and 3.9 per cent respectively in January 2017.
 
The cumulative growth in these three sectors during April-January 2016-17 was 1.4 per cent, (-) 0.2 per cent and 5.0 per cent, respectively.
 
In total, nine out of the 22 industry groups in the manufacturing sector have shown positive growth during January 2017 on annual basis.
 
The industry group 'electrical machinery and apparatus'’ has shown the highest growth of 42.4 per cent followed by 21.8 per cent in 'radio, TV and communication equipment and apparatus' and 12.4 percent in 'basic metals'.
 
On the other hand, the industry group 'office, accounting and computing machinery' has shown the highest negative growth of 16 per cent followed by 14.8 per cent in 'food products and beverages' and 13.4 per cent in 'other transport equipment'.
 
Some important items that have registered high negative growth include 'HR Sheets', 'ship building and repairs', 'sugar', and 'PVC pipes and tubes'.
A A
       BUSINESS
Next Article: Paytm to levy 2% fee on topping up wallets with credit cards
 
 
BUSINESS HEADLINES
Infosys board approves up to Rs. 13,000 cr buyback offer  
PM to launch Rs 15k-cr road projects in Rajasthan  
Sikka quits Infosys after Murthy campaign  
Nifty snaps 3-day winning spree, down 67 pts  
Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh  
RBI still has room to slash rate in current fiscal: Kidwai  
Our full sympathy with agitating Noida home buyers: FM  
Videocon names Rajesh Rathi as business head  
Sensex surges 235 pts as geo-political tensions ease  
Sensex jumps 191 points, ignores weak IIP data  
Trai website to soon display telcos' tariff plans: Sharma  
NPA resolution to spur credit expansion, growth: Panagariya  
Sensex, Nifty snap 5-week winning streak on profit-booking  
200 Indian business reps see great investment opportunities in Kazakhstan  
FICCI for substantial slash in policy rates by RBI  
Kochi Shipyard makes strong market debut after $225 million IPO  
Gold tops Rs 30,000-mark, spurred by safe haven appeal  
Govt has not written off single rupee of corporate loans: FM  
Sensex losses mount on global sell-off, dives 336 pts  
Def Min wants non-lapsable capital fund; writes to finance min  
Parijat Industries builds war chest of international trademarks in 45 countries  
Sensex closes at 1-mth low, hit by losses for 4th day  
Rupee wobbles on global tensions, dives 21 paise to 63.84  
Denial of benefit over lack of Aadhaar is breach of norms  
Nifty ends below 10,000, drops 79 pts  
 
Do you think Pulsar Suni's Madam is a spoof?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy