india

Industrial production grows 11.5% in July

The manufacturing sector’s output surged 10.5 % in July 2021.

India’s industrial production rose to 11.5 % in July, according to official data released on Friday.

As per the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector’s output surged 10.5 % in July 2021.

In July, the mining output climbed 19.5 % and power generation increased 11.1 %.

The IIP had contracted 10.5 % in July 2020.

During April-July this year, the IIP grew 34.1 %. It was a contraction of 29.3 % in the same period last year.

Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7 %. It shrank 57.3 % in April 2020 due to a decline in economic activities in the wake of the lockdown to curb the spread of coronavirus infections.

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