Industrial production increases 3.2% in October

India’s industrial production increased by 3.2 % in October, according to official data released on Friday. According to the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector’s output rose by 2% in October 2021.

In October, the mining output climbed 11.4%, and power generation increased 3.1%. The IIP had grown by 4.5% in October 2020.

During April-October 2021, the IIP grew 20% against a 17.3% contraction in the same period last year. Industrial production has been hit due to the Covid-19 pandemic since March last year when it had contracted 18.7%.

It decreased by 57.3% in April 2020 due to a decline in economic activities in the wake of the lockdown imposed to curb the spread of coronavirus infections.