Govt corrects IIP growth rate twice in a day, April IIP at 2.3%
Correcting the industrial output figures twice within span of a few hours, the government on Thursday said IIP grew at 2.3 percent in April instead of 2 percent reported yesterday.
New Delhi: Correcting the industrial output figures twice within span of a few hours, the government on Thursday said IIP grew at 2.3 percent in April instead of 2 percent reported yesterday.
The first correction this morning put the Index of Industrial Production (IIP) at 2.2 percent, only to revise it yet again later in the day to 2.3 percent.
The Ministry of Statistics and Programme Implementation cited wrong recording of production data for the electricity sector as the reason for revision.
According to official data released yesterday, industrial production, measured in terms of index of industrial production (IIP,) registered 2 per cent growth in April.
An official statement earlier in the day said: "The General Index (of industrial production) for the month of April 2013 is revised upward to 167.8 from 167.3 shown in the press release (issued yesterday). The revised index is 2.2 percent, higher as compared to the level in the month of April 2012."
The ministry later in the afternoon again corrected IIP growth rate figure to 2.3 percent.
The second corrigendum also revised the power sector output growth rate upward to 4.2 percent.
The ministry revised the power sector growth rate to 3.4 percent in April in the first corrigenda from 0.7 percent in the data released yesterday.
"Due to wrong recording of production data for electricity sector, the Index of Industrial Production (IIP) for the electricity sector for the month of April 2013 is corrected to 159.1 from 153.8 as shown in the press release issued on June 12, 2013 of this Ministry," said the corrigenda.