InvestorQ : How did the various segments of IIP grow for the latest month that was announced last week?
Aditi Sharma made post

How did the various segments of IIP grow for the latest month that was announced last week?

Answer
image
Mahima Roy answered.
2 months ago
Follow

For the latest month of June 2022, the IIP number was at 12.3%, which his lower than the figure of 19.64% for May 2022 as supply chain constraints are hitting IIP. However, there have been some positive revisions in the final estimates for March 2022 IIP and that is good news. For the month of June 2022, the mining sector grew at 7.49%, manufacturing sector at 12.46% and Electricity grew at 16.44%. compared to the month of May 2022, there was tapering of growth across mining, manufacturing and electricity.

As is the general practice, the IIP growth overall for June 2022, gravitated towards manufacturing growth of 12.46% due to its considerable weightage of 77.63% in the IIP basket. Here is a quick look at also the cumulative picture for the first quarter of FY23 from April to June. For this period, the mining sector grew at 9.0%, manufacturing at 12.7% while the electricity segment grew at 17.1%. The cumulative IIP growth for FY23 overall stands at an impressive 12.7%. It remains to be seen if the rising base impacts IIP in coming months.

3 Views