IIP Data April 2021: India’s industrial output jumps 134.44% in April, Govt information reveals

IIP Data April 2021: The nation’s index of commercial manufacturing (IIP) surged 134.44 per cent year-on-year to 126.6 within the month of April primarily as a consequence of a low base within the earlier yr, in response to the info launched by the Ministry of Statistics & Programme Implementation (MoSPI).
The IIP had crashed 57.31 per cent on-year to 54.0 in April 2020, the info confirmed. This was primarily as a result of nationwide lockdown which was imposed final yr to curb the primary wave of coronavirus (Covid-19) pandemic.
“It may be noted that the nationwide lockdown and other measures implemented to restrict the spread of Covid 19 pandemic from the end of March 2020, had led to a majority of the establishments not operating in April 2020 and consequently, there were many units which reported ‘Nil’ production, affecting comparison of the indices for the months of April 2020 and April 2021,” the National Statistical Office (NSO) stated in its assertion.

The NSO didn’t formally compute the April IIP development information though it has offered absolutely the figures for the month.
The manufacturing sector noticed a development of 197.15 per cent on-year to 125.1, the info confirmed. Likewise, mining sector witnessed an increase of 37.06 per cent on-year at 108.0, and the electrical energy phase grew at 38.54 per cent y-o-y at 174.0 within the month of April, the info confirmed.
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