India's IIP increased by 3.8% in Dec 2023; apparel IIP decreased by 10.3% to 112.7India’s index of industrial production (IIP) with base 2011-12 stood at an estimated 151.5 in December last year. The IIP for manufacturing was 150.6. The IIP for manufacturing of textiles grew by 1.6 percent year on year (YoY) to 112.5 and for apparel manufacturing, it dropped by 10.3 percent YoY to 112.7 during the month. These quick estimates will be revised later, the ministry of statistics and programme implementation said in a release. The indices stood at 151.7 for primary goods, 103.3 for capital goods, 159.3 for intermediate goods and 177.9 for infrastructure/construction goods for the month. Those for consumer durables and consumer non-durables stood at 114 and 178 respectively for the month. For the April-December period last year, the IIP for textile manufacturing remained the same as it was in the corresponding period in the previous year at 107.8, but the IIP for apparel dropped by 19.1 percent YoY to 103.6.