Industrial production grows 29.3% in May
Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7%
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.
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