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IIP rises 134 4% in April, but just 0 08% over pre-COVID level

Industrial production shrinks 1 9% in November; enters negative zone after 2 months

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.

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