Industry output contracts 3.6% in February- Business News :

Industry output contracts 3.6% in February- Business News


Industry output contracts 3.6% in February
Mining and manufacturing output declined 5.5 per cent and 3.3 per cent, respectively, in February, while power generation grew 0.1 per cent.
BusinessToday.In | April 12, 2021 | Updated 18:27 IST
Cumulatively, IIP contracted 11.3 per cent during April-February 2020-21 as against a 1 per cent growth during the same period in 2019-20.
India's industrial output, measured by the Index of Industrial Production (IIP), contracted 3.6 per cent in February, with mining and manufacturing registering a decline, while electricity output increased marginally.
Mining and manufacturing output declined 5.5 per cent and 3.3 per cent, respectively, in February, while power generation grew 0.1 per cent.
"For the month of February 2021, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 129.4. The indices of industrial production for the mining, manufacturing and electricity sectors for the month of February 2021 stand at 116.5, 129.3 and 153.9 respectively. These quick estimates will undergo revision in subsequent releases as per the revision policy of IIP," the Ministry of Statistics & Programme Implementation (MoSPI) said on Monday.

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