IIP Data October 2020: The country’s index of industrial production (IIP) grew 3.6 per cent to 128.5 in the month of October, according to the data released by the Ministry of Statistics & Programme Implementation (MoSPI).
The IIP had slipped 6.6 per cent in October 2019, the data showed.
The industrial growth so far in the fiscal year 2020-21 (April-October) has contracted 17.5 per cent, compared to a 0.1 per cent rise in the corresponding period a year ago, the data showed.
The rise in IIP data during October is primarily on account of the electricity and manufacturing sectors. The electricity sector saw a rise of 11.2 per cent on-year to 162.2 in October, while the manufacturing sector witnessed a growth of 3.5 per cent to 130.7. However, the mining sector contracted 1.5 per cent to 98.0, the MoSPI data showed.
In October last year, the manufacturing sector had witnessed a contraction of 5.7 per cent. During the same period, the mining sector had slipped 8.0 per cent and the electricity sector had witnessed a fall of 12.2 per cent, the data showed.
Now, among used based goods, the primary goods output slipped 3.3 per cent in October this year, while that of capital goods grew 3.3 per cent. Intermediate goods output rose 0.8 per cent and infrastructure/construction goods climbed 7.8 per cent, while consumer durables rose by 17.6 per cent and consumer non-durables grew 7.5 per cent, as per the data.
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