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IIP Data: Industrial production grew by 13.4% per cent in April 2021

Industrial production grew by 13.4 per cent in April 2021 from a year earlier, government data showed on Friday, June 11, registering a sharp recovery as a result of the base effect due to the COVID-19 lockdown that hit economic activity last year. The industrial output index increased to 126.6 in April from 54.0 in the corresponding month last year. The industrial production, or the factory output, gauged by the Index of Industrial Production (IIP), grew 22.4 per cent in March. (Also Read: Retail Inflation Likely Rebounded To 5.30% In May 2021: Poll )

According to the industrial production data released by the Ministry of Statistics and Programme Implementation, the indices for the mining, manufacturing, and electricity sectors for April 2021 stand at 108.0, 125.1, and 174.0, respectively. 

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