Class 12 Exam  >  Class 12 Questions  >  The growth in the index of industrial product... Start Learning for Free
The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.
Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.
CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.
However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.
Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.
Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBI's monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.
Q. Out of the following options, which one can be inferred from the passage?
  • a)
    The government might do away with the index of industrial production in the near future.
  • b)
    The manufacturing sector can influence the index of industrial production.
  • c)
    The index of industrial production is of ten arbitrarily structured.
  • d)
    The index of industrial production is heavily dependent on India's exports to other countries.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The growth in the index of industrial production (IIP) fell to 1.7 per...
Refer to the first paragraph of the passage where the answer is given.
Free Test
Community Answer
The growth in the index of industrial production (IIP) fell to 1.7 per...
Importance of Manufacturing Sector in Influencing Index of Industrial Production
The passage highlights the significance of the manufacturing sector in influencing the Index of Industrial Production (IIP). Here's why this can be inferred:
Key Points:
- The growth in the IIP fell primarily due to a subdued performance by the manufacturing sector, especially in capital and consumer goods.
- Manufacturing output expanded by 1.3% on a yearly basis, indicating its impact on the overall IIP growth.
- The lower growth in manufacturing was expected due to a high base effect, suggesting the sector's substantial contribution to the IIP.
- Data showed that 11 out of 23 industry groups in the manufacturing sector witnessed positive growth, further emphasizing its influence on the IIP.
- The decline in production of furniture and paper products, which are part of the manufacturing sector, had a significant impact on the overall IIP growth.
Conclusion:
Based on these points, it can be inferred that the manufacturing sector plays a crucial role in influencing the Index of Industrial Production. As manufacturing output directly affects the overall IIP growth, any changes or fluctuations in this sector have a notable impact on the industrial production index.
Explore Courses for Class 12 exam
The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer?
Question Description
The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer?.
Solutions for The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The growth in the index of industrial production (IIP) fell to 1.7 per cent in January compared with 7.5 per cent a year ago. The growth fell because of a subdued performance by the manufacturing sector, especially capital and consumer goods. The growth was also lower on a sequential basis from 2.4 per cent in December to 1.7 per cent in January, according to CSO data.Manufacturing output expanded 1.3 per cent on a yearly basis, mining grew 3.9 per cent and electricity generation rose 0.8 per cent in January. Electricity had grown 7.6 per cent in the year-ago period. Rating agency CARE said lower growth in manufacturing was expected because of a high base effect. Besides, production was less because of a higher stock built-up from the second quarter as demand did not materialise fully in the third quarter.CARE expects IIP growth for the year "to be around 5 per cent from 4.4 percent cumulative till January. While base effect will be there, it will diminish in size as companies also expand on production to meet annual targets". Data showed 11 of the 23 industry groups in the manufacturing sector witnessed positive growth.However, furniture and paper products, excluding machines and equipment, declined the most. The production of infrastructure goods rose 7.9 per cent compared with 10.1 per cent in December. The output of intermediate goods contracted 3 per cent in January compared with a 5.4 per cent rise in the year-ago period.Consumer as well as non-consumer durables output rose 1.8 per cent compared with a 7.6 per cent rise in January 2018. IIP growth stood at 4.4 per cent compared with 4.1 per cent in the same period a year ago.Economic growth slowed to a five-quarter low of 6.6 per cent in the October-December period. The government estimate for the financial year ending this month has been revised down to a five-year low of 7 per cent from 7.2 percent. The IIP numbers come ahead of the RBIs monetary policy statement on April 4 and may increase the clamour for a cut in interest rates to boost economic activity.Q. Out of the following options, which one can be inferred from the passage?a)The government might do away with the index of industrial production in the near future.b)The manufacturing sector can influence the index of industrial production.c)The index of industrial production is of ten arbitrarily structured.d)The index of industrial production is heavily dependent on Indias exports to other countries.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 12 tests.
Explore Courses for Class 12 exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev