Macroeconomic data that is coming to the fore is revealing that India is in for a tough start for 2021. IIP that measures the scale of industrial production output showed shrinkage by over 3.6% for the February month in comparison to a drag of just 1.6 percent in January month.
February IIP Shrinks By 3.6% Due To A Drag In Manufacturing Output
In the overall index, major fall is owed to the fall in manufacturing output of 3.7% in comparison to January's contraction of just 2 percent. And now after the release of latest data, the contraction in IIP from April to February of FY21 has been to the tune of 11.3 percent.
Experts are of the view for the normalcy to be restored in the manufacturing space after the unprecedented fall due to Covid 19, there shall be needed more time. In the 8 out of the 11 months of FY21, the IIP number has shown contraction and rose by 1.5 percent in December.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google