IIP for textiles increases by 7.8% in August 2018
As per the Confederation of Indian Textile Industry (CITI), the monthly Index of Industrial Production (IIP) for textiles for August 2018 has increased by 7.8 per cent from 116 during August 2017 to 125.1 during August 2018. However, the cumulative index has increased by 2.9 per cent to 119.7 during April-August 2018 from 116.3 during April-August 2017.
Similarly, the monthly index for wearing apparel has increased from 121.4 during August 2017 to 144.3 during August 2018, showing a robust increase of 18.9 per cent. However, the cumulative index has increased from 142.6 during April-August 2017 to 144.2 during April-August 2018 showing a marginal increase of 1.1 per cent.
The general Index for August 2018 has increased by 4.3 per cent as compared to the level in August 2017. The cumulative growth for the period April- August 2018 over the corresponding period of the previous year stands at 5.2 per cent.