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Indias March industrial output zooms on low base effect ​ By IANS | ​ 4 Views   Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing. Image Source: IANS News New Delhi, May 12 : Low base effect from last years nationwide lockdown powered the growth of Indias industrial output in March. The Index of Industrial Production (IIP) for March accelerated by 22.4 per cent over the same month a year ago and a contraction of 3.4 per cent reported for February. On a fiscal basis, the ...

New Delhi: April 13: A month ahead of the BJP-led NDA government completing seven years, the Congress has attacked the government over economic issues, which it says are looming in the country. Former Finance Minister, P. Chidambaram crticising the government said in a statement, “What a way to end the 7th year of the Modi-led NDA government: surging inflation, falling industrial output, declining rupee and plunging stock market”. “Add crushing taxes, growing unemployment and more people...

Sharp fall in manufacturing and mining activities led to a slump in India’s industrial output in February. Data released by the Ministry of Statistics and Programme Implementation on Monday showed...

Indias industrial output as measured by the Index of Industrial Production (IIP), fell 1.6% year-on-year in January. For the month of January 2021, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 135.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2021 stand at 119.7, 135.1 and 164.2 respectively. As per Use-based classification, the indices stand at 133.7 for Primary Goods, 92.6 for C...

This comes after IIP had contracted by 1.9 per cent in November. It had expanded in October and September after six straight months of contraction due to Covid-19. Analysts had then termed this a temporary blip.

India IIP contracts 1.9% in November 2020 versus 3.6% expansion in October The previous high recorded was in February 2020, when IIP rose 5.2 percent, while it plunged to 0.48 to percent in September 2020 following the dry months after the COVID-19 lockdown. The IIP for November last year grew 2.1 percent. Representative Image The Index of Industrial Production (IIP) contracted 1.9 percent for November 2020, showed the data released by the Ministry of Statistics and Programme Implementation (Mo...

The manufacturing sector, which has a weightage of 77.6 percent in the IIP, recorded a growth of 3.5 percent in October.