IIP Data January 2022: India’s industrial output climbs 1.3% in Jan, says Govt information

IIP Data January 2022: The nation’s index of business manufacturing (IIP) grew 1.3 per cent to 138.4 within the month of January, information launched by the Ministry of Statistics & Programme Implementation (MoSPI) on Friday confirmed.

The IIP had slipped (-)0.6 per cent in January 2021, the information confirmed.

The industrial development thus far within the fiscal yr 2021-22 (April-January) has grown 13.7 per cent, in comparison with a contraction of (-)12.0 per cent rise within the corresponding interval a yr in the past, the information confirmed.

The development in IIP information throughout January is led by all of the sectors. The mining sector rose of two.8 per cent on-year to 124.7 in January, the manufacturing sector witnessed a development of 1.1 per cent to 138.1 and the electrical energy sector climbed 0.9 per cent to 165.6, the MoSPI information confirmed.

In January final yr, the manufacturing sector had witnessed a contraction of (-)0.9 per cent. During the identical month, the mining sector had slipped (-)2.4 per cent whereas the electrical energy sector had witnessed an increase of 5.5 per cent, the information confirmed.

Now, amongst used primarily based items, the first items output rose 1.6 per cent in January this yr, whereas that of capital items slipped (-)1.4 per cent. Intermediate items output rose 0.9 per cent and infrastructure/building items climbed 5.4 per cent, whereas shopper durables rose by 3.3 per cent and shopper non-durables grew 2.1 per cent, as per the information.