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India's industrial production grows 13.6% in June on low base effect

Growth in IIP was led mainly by the manufacturing sector, which grew 13%

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In June 2020, IIP contracted 16.6 per cent. On a sequential basis, IIP grew 5.7 per cent from May, in line with the opening up of the economy, with states gradually easing restrictions after region-wise lockdown during the second wave in April-May.

Shreya Nandi New Delhi

4 min read Last Updated : Aug 12 2021 | 11:24 PM IST

India’s industrial production grew 13.6 per cent in June from the year-ago period due to the low-base effect, data released by the Ministry of Statistics and Programme Implementation showed.

The impact of a low-base declined in June as compared to the last two months. In April and May, growth was 134.6 per cent and 28.6 per cent, respectively, thereby portraying an exaggerated picture of industrial activity.

Factory output, measured by Index of Industrial Production (IIP), has been growing sharply since March due to a favourable base effect as industrial activity came to a virtual halt a year ago

Topics : Coronavirus June IIP Factory output Manufacturing sector CARE Ratings

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