India Indicators

New data for Index of Core Industries: 2021 March: 143.1 2020 March: 134.0 YoY growth: 6.8% Details: The Ministry of Commerce and Industry Office of Economic Adviser (OEA), Department of Industrial Policy & Promotion (DIPP), reports a monthly index, ICI, "Index of Eight Core Industries (Base: 2011-12=100)".  "The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP)." These are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, Electricity.   Also see:  https://currentaffairs.gktoday.in/tags/index-of-eight-core-industries The index: (note: reverse-chronological order) Month Index Revisions (second) (first) 2021 Mar 143.1 2021 Feb 128.8 (127.8) 2021 Jan 138.7 (137.6) 2020 Dec 136.1 (135.9) (133.8) 2020 Nov 127.7 (127.4) (125.9) 2020 Oct 126.7 (126.2) (124.2) 2020 Sep 121.4 (120.5) (119.7) 2020 Aug 119.7 (119.1) (117.6) 2020 Jul 122.5 (122.0)

February 2021 IIP = 129.4 February 2020 IIP = 134.2 YoY growth: -3.6% {Wiki} The level of the Index of Industrial Production (IIP) is an abstract number, the magnitude of which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time. Index of Industrial Production - IIP - 2011-12 series, with 2011-12 normalized to 100 at the monthly level. The data is in reverse chronological order. Year Month IIP YoY Revisions (second) (first) 2021 Feb 129.4 -3.6% 2021 Jan 136.2 -0.9% (135.2) 2020 Dec 136.6 1.6% (135.9) 2020 Nov 126.7 -1.6% (126.1) (126.3) 2020 Oct 129.6 4.5% (129.2) (128.5) 2020 Sep 124.1 0.1% (123.5) (123.2) 2020 Aug 117.2 (116.9) (116.1) 2020 Jul 117.9 (117.6) (118.1) 2020 Jun 107.9 (108.9) (107.8) 2020 May 90.2 ( 89.5) ( 88.4) 2020 Apr 54.0 ( 53.6) ( 56.3) 2020 Mar 117.2 -18.7% (117.7) (120.1) 2020 Feb 134.2 5.2% (133.5) (1

 The IHS Markit Purchasing Managers' Index (PMI) is a leading indicator of economic activity.  A PMI above 50 indicates expected growth in economic activity. Manufacturing PMI   "The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index® (PMI®) fell from 57.5 in February to a seven-month low of 55.4 in March. However, the latest reading was indicative of a substantial improvement in the health of the sector that outpaced the long-run series average.   Services PMI   "At 54.6 in March, the seasonally adjusted India Services Business Activity Index indicated growth for the sixth consecutive month. Falling from 55.3 in February, the latest reading was consistent with a slower but still marked pace of expansion." "Growth of Indian private sector output eased in March, but remained marked relative to the series trend. The Composite* PMI Output Index was at 56.0, down from 57.3 in February, signalling expansion for the seventh month running. So