Page 295 - economic_survey_2021-2022

Industry and Infrastructure 269

Figure 4: Indices for Broad Sectors in IIP

180.00
160.00
140.00
Value of Index 100.00
120.00

80.00
60.00
40.00
20.00
0.00
Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21

Manufacturing Capital goods Consumer non-durables

Source: Survey calculations based on MOSPI data

8.5 The IIP also provides data for 23 subgroups of the manufacturing sector. In the period,
April-November 2021-22, all the 23 sectors recorded a positive growth. The major industrial
groups like textiles, wearing apparel, electrical equipment, motor vehicles staged a strong
recovery (Figure5). Improvement in the performance of the textiles and wearing apparel which
is a labour-intensive industry has significant implications for employment creation.

Figure 5: Contributions of product groups to manufacturing growth - percent

Source: Survey calculations based on MOSPI data

Table 3: Growth in Manufacturing sectors in percent

Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov-
Group Weights
20 20 21 21 21 21 21 21 21 21 21 21 21
Food Products 5.3 7.6 -1.7 -1.8 -0.3 17.1 # 13.7 8.4 4.7 9.5 0.5 4.8 -1.3

Beverages 1.0 -15.3 -7.7 -7.6 -12.9 26.5 # -0.2 -2.3 14.3 12.4 2 5.6 0.8