Industrial manufacturing declines 16.6% in June

NEW DELHI: Industrial production declined by 16.6 per cent in June, primarily resulting from decrease output of producing, mining and energy era, as per the federal government information launched on Tuesday.
According to the Index of Industrial Production (IIP) information, manufacturing sector manufacturing registered a decline of 17.1 per cent, whereas the output of mining and energy fell 19.eight per cent and 10 per cent, respectively.
In a press launch, the ministry of statistics and programme implementation issued a disclaimer saying that “it might not be applicable to match the IIP within the post-pandemic months with the IIP for months previous the COVID-19 pandemic”.
However, on a month-to-month foundation, the Index of Industrial Production has proven enchancment. The index, which was 53.6 in April, improved to 89.5 in May and 107.eight in June, the info revealed.
In view of the preventive measures and announcement of a nationwide lockdown by the federal government to include the unfold of COVID-19 pandemic, a lot of industrial sector establishments weren’t working from March-end, 2020 onwards.
This has had an influence on the objects being produced by the institutions throughout the interval of lockdown. With the lifting of restrictions within the subsequent durations, industrial exercise is now resuming.

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