“To meet this goal, monitoring industrial growth is necessary, and for that, the department has sought the units’
cooperation in providing the primary information on industrial production,” the DPIIT said in a communication.The department asked the units to submit the monthly production statistics from April 2022 “till the latest month and subsequent months”.
India’s industrial production growth slowed to 3.2% year-on-year in December 2024 from a six-month high of 5.2% due to a slowdown in the manufacturing sector.
The country’s manufacturing is likely to grow 4.3% in FY25, slower than 12.3% in the previous fiscal. Official data published last month showed India’s growth recovered to 6.2% in the third quarter, from a near two-year low of 5.4% in the previous quarter. The government has revised its full year growth estimate for FY25 at 6.5% from 6.4% earlier.
“The data you submit goes on to find representation in the IIP,” the DPIIT said, adding that the statistics will not be used for any purpose other than monitoring industrial growth.
Besides IIP, the government is also working to bring out new series of retail and wholesale inflation basis revised base years to get more relevant and robust statistics of the key economic indicators.
