Page 19 - Policy Economic Report_Mar'25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

? Rural inflation continued to outpace urban inflation due to higher food prices and a larger food
basket share (54.2% for rural areas vs. 36.3% for urban areas).

? The highest inflation rates were recorded in Kerala (7.3%) and Chhattisgarh (4.9%).

India’s Index of Production (IIP)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every with a six weeks
lag and compiled with data received from source agencies, which in turn receive the data from the
producing factories/ establishments.

Key Highlights:

? The IIP growth rate for the month of January 2025 is 5.0 percent which was 3.2 percent (Quick
Estimate) in the month of December 2024.

? The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of
January 2025 are 4.4 percent, 5.5 percent, and 2.4 percent respectively.

Figure 11: Sectoral Contribution to IIP growth (%)

Source- MoSPI

? The Quick Estimates of IIP stands at 161.3 against 153.6 in January 2024. The Indices of
Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of
January 2025 stand at 150.7, 159.1 and 201.9 respectively.

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