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IP data released by NSO for April 2021

IP data released by NSO for April 2021

  • For the month of April 2021, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 126.6.
  • The Indices of Industrial Production for the Mining, Manufacturing, and Electricity sectors for the month of April 2021 stand at 108.0, 125.1, and 174.0 respectively.
  • The indices stand at 126.7 for Primary Goods, 82.4 for Capital Goods, 137.9 for Intermediate Goods and 134.8 for Infrastructure/ Construction Goods for the month of April 2021.
  • Due to the nationwide lockdown and other measures implemented to restrict the spread of Covid 19 pandemic from the end of March 2020, had led to a majority of the establishments not operating in April 2020, and consequently, there were many units which reported ‘Nil’ production, affecting comparison of the indices for the months of April 2020 and April 2021.
  • India’s April industrial output edged up 0.08%, from the level recorded during the same month in 2019.
  • The IIP had crashed 57.31 percent on-year to 54.0 in April 2020 from April 2019.
  • This was mainly due to the nationwide lockdown which was imposed last year to curb the first wave of coronavirus (Covid-19) pandemic.

IIP:

  • Shows the growth rates in different industry groups of the economy in a fixed period of time.

  • Mainly classified into 3 sectors -- Mining, manufacturing, and Electricity

  • compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.

  • National Statistical Office (NSO) ---- the merger of the NSSO and the CSO on 23rd May 2019.

  • Base Year -- 2011-2012. (100)

  • Eight core industries ( coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity) of India represent about 40% of the weight of items

  • IIP is the only measure of the physical volume of production.

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