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June IIP Grows 13.6% YoY In June

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India's manufacturing output, as measured by the Index of Industrial Production (IIP), increased 13.6% year over year in June, a lower rate than the previous month.

 

Industrial production in India increased by roughly 13.6 percent year on year (YoY) in June, compared to a 28.6 percent increase in May and a huge 134 percent increase in April, thanks to a continuing low base effect. However, when compared to May of this year, industrial production shrank by 13.4 percent.

June IIP Grows 13.6% YoY In June

In June, mining output jumped by 23.1%, while power generation increased by 8.3%. In June 2020, the IIP had decreased by 16.6%. The IIP increased by 45 percent in April-June this year, compared to a decline of 35.6% in the same quarter previous year.
Since March of last year, when it contracted 18.7%, industrial production has been hampered by the coronavirus pandemic. It shrank by 57.3 percent in April 2020 as a result of a drop in economic activity in the aftermath of the coronavirus lockdown.

It had fallen by 4% in February and 9.6% in January before this period began, after increasing by 1.5 percent in December.

 

In June 2021, consumer non-durables stood out as the worst-affected industry.

Read more about: iip inflation
Story first published: Thursday, August 12, 2021, 18:21 [IST]
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