Index of Industrial Production (IIP) July 2020 | Yet Another Double Digit Contraction

 As per the data released by Ministry of Statistic and Program Implementation, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of July 2020 stands at 118.1, which is 10.7 percent lower as compared to the level in the month of July 2019. The cumulative growth for the period April-July 2020-21 over the corresponding period of the previous year stands at -29.2 percent. IIP for the month of April, May and June 2020 stand at 54.0, 89.5 and 108.9 respectively.


The growth rates for the Mining, Manufacturing and Electricity sectors for the month of July 2020 stand at -13.0 percent, -11.1 percent and -2.5 percent as compared to July 2019. The cumulative growth in these three sectors during April-July 2020-21 over the corresponding period of previous year has been -20.2 percent, -32.8 percent and -12.5 percent respectively.




As per Use-based classification, the growth rates in July 2020 over July 2019 are (-) 10.9 percent in Primary goods, (-) 22.8 percent in Capital goods, (-) 12.5 percent in Intermediate goods and (-) 10.6 percent in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 23.6 percent  and  6.7  percent respectively.




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