Index of industrial production rises in first four months 09:34 | 05/05/2021 The COVID-19 pandemic, as well as FTAs, are the main reason behind the rise of IPP Over the first four months, the Index of Industrial Production (IIP) increased by 10 per cent compared to the same period last year. The country's successful control of the COVID-19 pandemic, as well as effective free trade agreements (FTAs) are the main reasons behind this rise, resulting in the vibrant recovery of business and manufacturing activities. Particularly in April, the IIP was estimated to increase by 1.1 per cent against the previous month and by 24.1 per cent against the same period last year.