Industrial Production Grows 11.5 % In July

India”s industrial manufacturing rose 11.5 per cent in July, in response to official knowledge launched on Friday.

As per the Index of Industrial Production (IIP) knowledge launched by the National Statistical Office (NSO), the manufacturing sector”s output surged 10.5 per cent in July 2021.

In July, the mining output climbed 19.5 per cent and energy technology elevated 11.1 per cent.

The IIP had contracted 10.5 per cent in July 2020.

During April-July this yr, the IIP grew 34.1 per cent. It was a contraction of 29.3 per cent in the identical interval final yr.

Industrial manufacturing has been hit because of the coronavirus pandemic since March final yr when it had contracted 18.7 per cent. It shrank 57.3 per cent in April 2020 as a result of a decline in financial actions within the wake of the lockdown to curb the unfold of coronavirus infections. 


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