SME Times News Bureau | 12 Apr, 2021
Sharp fall in manufacturing and mining activities led to a slump in India's industrial output in February.
Data
released by the Ministry of Statistics and Programme Implementation on
Monday showed that the Index of Industrial Production (IIP) for February
contracted by 3.6 per cent over the same month a year ago.
On a
sequential basis, the IIP had contracted by 0.87 per cent. For the
April-June period of the previous financial year, the IIP fell by 11.3
per cent.
"For the month of February 2021, the 'Quick Estimates
of Index of Industrial Production' (IIP) with base 2011-12 stands at
129.4," the ministry said.
"The Indices of Industrial Production
for the Mining, Manufacturing and Electricity sectors for the month of
February 2021 stand at 116.5, 129.3 and 153.9 respectively. These 'Quick
Estimates' will undergo revision in subsequent releases as per the
revision policy of IIP."
