Low Base Effect News Today

The Index of Industrial Production (IIP) surged to a 16-month high, marking an 11.7% YoY increase, in October 2023 compared to 6.2% YoY growth in September 2023.

The Indian economy grew by 5.4% in the October-December quarter of 2021-22, official data released on Monday showed, lower than the two previous quarters of the fiscal year.

The ratings agency opined that the 47.8 per cent YoY growth in Indias pharmaceutical market (IPM) during May 2021 was led by a low base effect.

New Delhi [India], June 12 (ANI): India's index of industrial production (IIP) rose a whopping 134.44 per cent year-on-year to 126.6 in April due to a very low base in the same month last year, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.

The Producer Price Index (PPI) for local production jumped 10.6% in April due to the low base effect and continued rise in commodity and raw material prices.

However, the expansion year-on-year stood at 56% on low base effect On expected lines, the low base effect of April 2020 — when the entire country was in lockdown — played a crucial role in the eight core industries’ output recording a 56 per cent jump year-on-year in April 2021. The right way to assess their performance — even according to the government — is to look at it sequentially; the eight core industries recorded a 15.1 per cent contraction in April 2021 compared to March 20...

Cement, steel hint at lockdown impact