Statement of Srikant Kumar Jena

Shri Srikant Kumar Jena, Minister of State (Independent Charge), Ministry of Statistics and Programme Implementation announced the release of the monthly Quick Estimates (QE) of Index of Industrial Production (IIP) for the month of February, 2012 compiled by the Central Statistics Office. According to the index, the industrial growth for the month of February 2012 over the corresponding month of the previous year is 4.1%. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are 2.1%, 4.0% and 8.0% respectively. As per “use-based” classification, ‘basic goods’, ‘capital goods’ and ‘consumer non-durables’ showed growth rate of 7.5%, 10.6% and 5.1% respectively for the month, although ‘intermediate goods’ and ‘consumer durables’ showed negative growth of 0.6% and 6.7% respectively for the month. 

Shri Jena further added that subsequent to the release of IIP for the month of January 2012, an error in reporting sugar production from the source agency was detected and has been rectified.