IIP Data: Industrial production stood at 3.1 per cent in September 2021
Industrial Production In September 2021: Here's All You Need To Know
The index of industrial production (IIP) in September stood at 127.9. The industrial production index during the April-August period of the current fiscal grew 23.5 per cent, compared to a de-growth of 20.8 per cent in the year-ago period.
The indices for the mining, manufacturing, and electricity sectors for September 2021 stand at 95.1, 129.9 and 167.9, respectively, according to the industrial production data released by the Ministry of Statistics and Programme Implementation today.
Industrial production - or the factory output, gauged by the industrial production index, slipped to 3.1 per cent in September, compared to 11.9 per cent in August - due to low base effect. While industrial production rose to 3.1 per cent in September, compared to one per cent in the year-ago period.
The manufacturing sector, which comprises 77.63 per cent of the index of industrial production, grew 2.7 per cent in September. The mining output also climbed 8.6 per cent and electricity grew by 0.9 per cent.
The output of capital goods - a barometer of investment, grew 1.3 per cent in September, compared to a de-growth of 1.2 per cent in August 2020. Consumer durables registered a de-growth of two per cent, compared to a growth of 5.3 cent in the year-ago period.
Consumer non-durable goods also registered a de-growth of 0.5 per cent in September 2021, compared to a growth of 2.4 per cent in the year-ago period.
