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The nationwide lockdown and other measures implemented to restrict the spread of COVID-19 from March-end led to most establishments not operating in April 2020 and consequently, there were many units that reported `Nil` production, affecting comparison of the indices for April 2020 and April 2021, the ministry said.
IIP for the mining, manufacturing and electricity sectors for April stood at 108, 125.1 and 174, respectively. As per Use-based classification, the indices for primary goods stand at 126.7; 82.4 for capital goods
Read more about Industrial Output Spikes 134.4% On Low Base Effect In April on Business Standard. India industrial production surged 134.4% on year in April of 2021, on account of a low base effect from last year. The Quick Estimates of Index of Industrial Production for the month of April 2021, with base 2011-12 stands at 126.6. The Indices
Low base pushed India's April 2021 industrial production rate higher on YoY basis as well as growth levels last seen in pre-pandemic period of April 2019.The Index of Industrial Production (IIP) for April zoomed to 126.6 (index reading) over ...
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.