IIP contracts 1.6% in January; mining, manufacturing output falls
The country s industrial output contracted 12.2 per cent in April-January period of the current fiscal, the data showed.
BusinessToday.In | March 13, 2021 | Updated 00:48 IST
In January 2020, industrial production had grown 2.2 per cent.
India s industrial output, measured by the Index of Industrial Production (IIP), contracted 1.6 per cent year-on-year in January, according to the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Friday.
The first revised figure for industrial output data for December 2020 and final revised number for October 2020 were also released. While IIP rose 4.5 per cent in October 2020, it grew 1.6 per cent in December. Industrial output had contracted 2.1 per cent in November 2020. In January 2020, industrial production had grown 2.2 per cent.
India Inc reiterates its demand for RBI rate cut after IIP growth slipped to 3.1 per cent
India Inc reiterates its demand for RBI rate cut after IIP growth slipped to 3.1 per cent
As Indiaâs Industrial Output Growth Slipped To 3.1 Per Cent In April, The Industry Reiterated Its Demand For An Interest Rate Cut By The RBI, Saying It Was Imperative To Boost Growth And Consumer Demand. PTI | Updated on: 12 Jun 2017, 11:42:29 PM
New Delhi:
As India’s industrial output growth slipped to 3.1 per cent in April, the industry reiterated its demand for an interest rate cut by the RBI, saying it was imperative to boost growth and consumer demand.
India s November Industrial Output Sees 1.9% Contraction
Industrial production has been hit due to the COVID-19 pandemic since March.
A labourer welds an iron pillar at a building material factory in an industrial area in Uttar Pradesh. Photo: Reuters
New Delhi: India’s industrial production contracted by 1.9% in November, official data showed on Tuesday.
According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7% in November 2020.
Mining output also declined 7.3%, while power generation grew 3.5%.
The IIP had grown by 2.1% in November 2019.
The IIP had grown by 2.1% in November 2019.
Industrial production had plunged 18.7% in March last year following the COVID-19 outbreak and remained in the negative zone till August 2020.
With the resumption of economic activities, factory output posted a flat growth of 0.48% in September.
The IIP growth for October has been revised upwards to 4.9 per cent from last month s provisional estimates of 3.6%.
The government had imposed a lockdown to contain the spread of COVID-19 infections on March 25, 2020.
With the gradual relaxation of restrictions, there has been a relative improvement in the economic activities by varying degrees as well as in data reporting, the Ministry of Statistics and Programme Implementation had said in a statement issued in November.