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As per the Index of Industrial Manufacturing (IIP) knowledge by the Nationwide Statistical Workplace (NSO), the manufacturing sector’s output surged 9.7% in August 2021.
India’s industrial manufacturing rose 11.9% in August, in response to official knowledge launched on Tuesday.
As per the Index of Industrial Manufacturing (IIP) knowledge by the Nationwide Statistical Workplace (NSO), the manufacturing sector’s output surged 9.7% in August 2021.
In August, the mining output climbed 23.6%, and energy era elevated 16%. The IIP had contracted 7.1% in August 2020.
Throughout April-August this 12 months, the IIP grew 28.6% in opposition to a 25% contraction in the identical interval final 12 months.
Industrial manufacturing has been hit as a result of coronavirus pandemic since March final 12 months when it had contracted 18.7%.
It shrank 57.3% in April 2020 attributable to a decline in financial actions within the wake of the lockdown imposed to curb the unfold of coronavirus infections.
Supply- thehindu