Industrial production grows 11.9% in August; manufacturing sector output surges 9.7%

Industrial production grows 11.9% in August; manufacturing sector output surges 9.7%

AgenciesUpdated: Tuesday, October 12, 2021, 06:19 PM IST
article-image
As per the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector's output surged 9.7 percent in August 2021. |

Industrial production rose 11.9 per cent in August, according to official data released on Tuesday.

As per the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector's output surged 9.7 per cent in August 2021.

In August, the mining output climbed 23.6 per cent, and power generation increased 16 per cent. The IIP had contracted 7.1 per cent in August 2020.

During April-August this year, the IIP grew 28.6 per cent against a 25 per cent contraction in the same period last year.

Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7 per cent.

It shrank 57.3 per cent in April 2020 due to a decline in economic activities in the wake of the lockdown imposed to curb the spread of coronavirus infections.

RECENT STORIES

India Equities Outlook 2026: Autos, Banks Likely To Outperform As Markets Remain Resilient

India Equities Outlook 2026: Autos, Banks Likely To Outperform As Markets Remain Resilient

Adani Enterprises Launches Third ₹1,000 Crore NCD Issue, Offers Upto 8.90 Per Cent Annual Returns

Adani Enterprises Launches Third ₹1,000 Crore NCD Issue, Offers Upto 8.90 Per Cent Annual Returns

Handled 4,200+ Cases In A Year, 1,810 Time-Sensitive: Blinkit Ambulance Service Marks One Year

Handled 4,200+ Cases In A Year, 1,810 Time-Sensitive: Blinkit Ambulance Service Marks One Year

Govt Announces ₹7,295 Crore Export Support Package To Boost Exporters’ Access To Credit

Govt Announces ₹7,295 Crore Export Support Package To Boost Exporters’ Access To Credit

UCO Bank Reports 13 Per Cent Growth In Total Business To ₹5.54 Lakh Crore In Q3 FY26

UCO Bank Reports 13 Per Cent Growth In Total Business To ₹5.54 Lakh Crore In Q3 FY26