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Not Appropriate To Compare IIP Of April 2020 With Earlier Months

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While Quick Estimates of Index of Industrial Production (IIP)with base 2011-12 stand at 56.3, which has crashed, a government release has suggested that it would not be appropriate to compare the IIP of April to earlier months.

"The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day) with a six weeks lag and compiled with data received from source agencies, who in turn receive the data from the producing factories/ establishments.

Not Appropriate To Compare IIP Of April 2020 With Earlier Months
 

In view of the preventive measures and announcement of nation-wide lockdown by the Government to contain spread of COVID-19 pandemic, majority of the industrial sector establishments were not operating from the end of March, 2020 onwards. This has had an impact on the items being produced by the establishments during the month of April, 2020, where a number of responding units have reported NIL production," a government release has stated.

Data that was released also shows that the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2020 stand at 78.3, 45.1 and 126.1 respectively.

Read more about: iip
Story first published: Saturday, June 13, 2020, 8:09 [IST]
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