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March industrial output up, but on low base effect
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SME Times News Bureau | 12 May, 2021
Low base effect from last year's nationwide lockdown powered the growth of India's industrial output in March.
The
Index of Industrial Production (IIP) for March accelerated by 22.4 per
cent over the same month a year ago and a contraction of 3.4 per cent
reported for February.
On a fiscal basis, the IIP contracted by
(-) 8.6 per cent in FY21 from (-)0.8 per cent during the April-March
period of the previous financial year.
"For the month of March
2021, the Quick Estimates of IIP with base 2011-12 stands at 143.4," the
Ministry of Statistics and Programme Implementation said.
"The
Indices of Industrial Production for the Mining, Manufacturing and
Electricity sectors for the month of March 2021 stand at 139, 140.4 and
180 respectively."
Among the major segments, manufacturing
production rose by 25.8 per cent from a fall of (-) 22.8 per cent
reported for the corresponding month of 2020.
Similarly, mining output grew 6.1 per cent on a YoY basis from (-) 1.3 per cent during the like period of the previous year.
Besides, electricity generation climbed up by 22.5 per cent from a fall of (-) 8.2 per cent during March 2020.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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