IIP Data: Industrial production grew by 11.5 per cent in July 2021Industrial production grew by 11.5 per cent in July 2021 from a year earlier, government data showed on Friday, September 10, registering a recovery as a result of the base effect due to the COVID-19 lockdown that impacted financial activity in 2015.
The index of industrial production (IIP) in July stood at 131.4.
Industrial production - or the factory output, determined by the commercial production index increased 13.6 percent in June due to the low base effect.
(Also Check Out: Infrastructure Output Of Core Sectors Rises 9.4% In July 2021 )The indices for the production, mining, and electrical energy sectors for July 2021 stand at 130.9, 104.6, and 184.7, respectively, according to the industrial production data released by the Ministry of Stats and Programme Application today.
The manufacturing sector, which makes up 77.63 percent of the index of industrial production, grew 10.5 per cent in July, compared to a de-growth of 11.4 per cent in the year-ago period.
The mining output likewise climbed 19.5 percent and power generation grew by 11.1 per cent.The output of capital products - a barometer of investment, grew 29.5 per cent in July, compared to a de-growth of 22.8 percent in July 2020.
The output of customer durables increased 20.2 cent, compared to a decrease of 23.7 cent in the year-ago period.
The output of consumer non-durable items declined 1.8 per cent in July 2021, compared to a growth of 1.8 per cent in the year-ago period.The nation's output of the 8 core sectors-- likewise understood as the infrastructural output, grew 9.4 per cent in July 2021, according to government information released on August 31.
The facilities output, making up the eight core sectors consisting of petroleum, coal, electricity, among others recorded a development of 21.2 percent in the April-June duration of the existing financial 2021-22, compared to a de-growth of 19.8 per cent in the matching duration in 2015.
The 8 core markets include 40.27 percent of the weight of items that are included in the industrial output or the IIP.
The growth in the facilities output was primarily led by the coal, cement, and gas sectors.