Industrial Production Grows 11.9 % In August


India”s industrial manufacturing rose 11.9 per cent in August, in line with official knowledge launched on Tuesday.

As per the Index of Industrial Production (IIP) knowledge by the National Statistical Office (NSO), the manufacturing sector”s output surged 9.7 per cent in August 2021.

In August, the mining output climbed 23.6 per cent, and energy era elevated 16 per cent. The IIP had contracted 7.1 per cent in August 2020.

During April-August this yr, the IIP grew 28.6 per cent in opposition to a 25 per cent contraction in the identical interval final yr.

Industrial manufacturing has been hit as a result of coronavirus pandemic since March final yr when it had contracted 18.7 per cent.

It shrank 57.3 per cent in April 2020 because of a decline in financial actions within the wake of the lockdown imposed to curb the unfold of coronavirus infections.

(PTI)




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