New Delhi: India`s index of industrial manufacturing (IIP) rose a whopping 134.44 per cent year-on-year to 126.6 in April because of a really low base in the identical month final yr, as per the info launched by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
“For April 2021, the quick estimates of IIP, with base 2011-12, stands at 126.6,” the ministry mentioned.IIP for the mining, manufacturing and electrical energy sectors for April stood at 108, 125.1 and 174, respectively.
As per Use-based classification, the indices for main items stood at 126.7; 82.4 for capital items; 137.9 for intermediate items; and 134.8 for infrastructure/building items. The indices for shopper durables and shopper non-durables stood at 112.4 and 142.3, respectively, for April 2021. Also Read: PM Modi to attend outreach session of G7 summit right now
The nationwide lockdown and different measures applied to limit the unfold of COVID-19 from March-end led to most institutions not working in April 2020 and consequently, there have been many models that reported `Nil` manufacturing, affecting comparability of the indices for April 2020 and April 2021, the ministry mentioned.
Along with the short estimates of IIP for April 2021, the indices for March 2021 have additionally undergone the primary revision and people for January 2021 have undergone the ultimate revision in the sunshine of the up to date information acquired from the supply businesses.
“The Quick Estimates for April 2021, the first revision for March 2021 and the final revision for January 2021 have been compiled at weighted response rates of 85 per cent, 92 per cent and 95 per cent, respectively,” it added. Also Read: Diesel follows petrol’s footsteps, breaches Rs 100 mark, test charges in your metropolis
