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Industrial production grows 4.5% in February: Government data

Index of industrial production (IIP) expanded by 4.5 per cent on-year to 133.3 during the month of February, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed.

By: Express Web Desk | New Delhi | Updated: April 9, 2020 6:26:37 pm
Economic Survey: Massive dip in Maharashtra's industrial growth, lowest since 2013-14 The industrial growth during the period of April-February grew 0.9 per cent from the corresponding period year ago, the official data showed. (Representational image)

The index of industrial production (IIP) expanded by 4.5 per cent on-year to 133.3 during the month of February, according to the data released by the Ministry of Statistics & Programme Implementation (MoSPI).

The IIP had grown 0.2 per cent in February 2019.

The industrial growth during the period of April-February 2019-20 grew 0.9 per cent from the corresponding period year ago, the data showed.

The growth in IIP during February was mainly on account of higher output in mining, manufacturing and electricity sector.

The manufacturing sector grew 3.2 per cent on-year to 133.5 during the month of February, while the mining sector registered a 10.0 per cent at 123.7 and electricity sector saw a rise of 8.1 per cent at 149.1, the MoSPI data showed.

In February last year, the manufacturing sector had witnessed a contraction of 0.3 per cent. During the same period, the mining sector had grown at 2.2 per cent and the electricity sector had witnessed a growth of 1.3 per cent, the data showed.

Back in April-February 2018-19 period, the IIP had recorded a growth of 4.0 per cent.

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