What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
The IIP had registered a growth of 5.2% in February last year
New Delhi: India’s industrial production grew 29.3% in May, official data showed on Monday.
According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output surged 34.5% in May 2021.
Mining output climbed 23.3% and power generation increased 7.5% in May. The IIP had contracted 33.4% in May 2020.
Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7%. It shrank 57.3% in April 2020 due to decline in economic activities in the wake of the lockdown to curb the spread of coronavirus infections. The IIP had registered a growth of 5.2% in February last year.
Published: July 12, 2021, 18:14 IST