Marathi | HIndi

Epaper
Follow us:
Home > Business > Industrial Production Growth shoots up 134.4 pc in April due to low base effect
Industrial Production Growth shoots up 134.4 pc in April due to low base effect English.Lokmat.com

Industrial Production Growth shoots up 134.4 pc in April due to low base effect

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.
Industrial Production Growth shoots up 134.4 pc in April due to low base effect

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.

"For April 2021, the quick estimates of IIP, with base 2011-12, stands at 126.6," 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 stood at 126.7; 82.4 for capital goods; 137.9 for intermediate goods; and 134.8 for infrastructure/construction goods.

The indices for consumer durables and consumer non-durables stood at 112.4 and 142.3, respectively, for April 2021. 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.

Along with the quick estimates of IIP for April 2021, the indices for March 2021 have also undergone the first revision and those for January 2021 have undergone the final revision in the light of the updated data received from the source agencies.

"The Quick Estimates for April 2021, the first revision for March 2021 and the final revision for January 2021 have been compiled at weighted response rates of 85 per cent, 92 per cent and 95 per cent, respectively," it added.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Industrial Production Growth shoots up 134.4 pc in April due to low base effect
RMK Group of Institutions donates Rs 1.08 crore to TN Government for COVID-19 fight
AXA XL expands Casualty Risk Consulting Team with Fleet Management Specialist in the Americas
Get the Best Budget Phones from Vivo on EMIs starting Rs 1,099 on Bajaj Finserv EMI Store
Affiliatics - Grow your eCommerce and D2C Brands by 300x!