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IIP: India's Industrial Production Falls 8% In August

By Staff

Industrial production declined by 8 percent in August, mainly due to lower output of manufacturing, mining and power generation sectors.


India's Industrial Production Falls 8% In August

Data released on Index of Industrial Production (IIP) by the Ministry of Statistics & Programme Implementation on Monday showed that there was a 9.8 percent decline in the mining sector activity, 8.6 percent contraction in the manufacturing sector output and 1.8 percent decline in electricity production.

In comparison, in August 2019, output was flat in the mining sector, fell 1.7 percent in manufacturing, a 0.9 percent decline in electricity production and overall IIP declined 1.4 percent.

However, the government release says, "it may not be appropriate to compare the IIP in the post pandemic months with the IIP for months preceding the COVID 19 pandemic."

"With the gradual relaxation of restrictions, there has been a relative improvement in the economic activities by varying degrees as well as in data reporting," it added.

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