IIP Data April 2021: The country’s industrial production (IIP) grew by 134.44 per cent year-on-year in April. The main reason for this is the low base of last year. However, this is according to partial data. The government has stopped the release of Industrial Production (IIP) data for the month of April. This was also done for the month of April last year, due to the nationwide lockdown.
There was a decline of 57.31 percent in April 2020
According to the data, in April 2020, the IIP had come down by 57.31 percent to 54.0 on a yearly basis. The main reason for this was the nationwide lockdown, which was imposed last year to control the first wave of the corona virus epidemic.
The National Statistical Office (NSO) said in its statement that due to the nationwide lockdown and other measures implemented from the end of March 2020 to prevent the spread of the corona epidemic, most of the establishments were not functioning in April 2020 and therefore many Production in the units was negligible. This has affected the comparison of figures for April 2020 and April 2021.
According to the data, the manufacturing sector reached 125.1 with a growth of 197.15 percent on a yearly basis. Similarly, the mining sector also stood at 108.0, up 37.06 per cent year-on-year. The power sector has grown by 38.54 per cent year-on-year to 174.0 in the month of April.
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