January 13, 2022
In November 2020, the IIP had contracted by 1.6%.
April-November saw an increase of 17.4% against a total of 15.3% last year.
Industrial production contracted by 18.7% since March 2020.
In April it came down to 57.3% due to the lockdown curbs imposed.
November 2021 saw an increase in India’s industrial production to1.4% according to the official data released. According to the data by the National Statistical Office (NSO), the manufacturing sector’s output has grown by 0.9% in November last year, as per the Index of Industrial Production (IIP). During November 2020, the IIP had contracted by 1.6%.
During April-November this fiscal year, IIP saw an increase of 17.4% against a 15.3% contraction in the corresponding period, last year. Due to the pandemic, Industrial production has contracted by 18.7% since March 2020. In April it came down to 57.3% due to a decline in economic activities while the lockdown curbs were imposed to prevent the spread of the coronavirus.