IIP October 2021: India’s industrial output rises 3.2% in Oct, Govt knowledge exhibits

IIP Data October 2021: The nation’s index of commercial manufacturing (IIP) grew 3.2 per cent to 133.7 within the month of October, in response to the info launched by the Ministry of Statistics & Programme Implementation (MoSPI).
The IIP had risen 4.5 per cent in October 2020, the info confirmed.
The industrial progress to date within the fiscal yr 2021-22 (April-October) has grown 20.0 per cent, in comparison with a contraction of (-)17.3 per cent rise within the corresponding interval a yr in the past, the info confirmed.
The rise in IIP knowledge throughout October is primarily led by the mining and electrical energy sectors. The mining sector noticed an increase of 11.4 per cent on-year to 109.7 in October, whereas the electrical energy sector witnessed a progress of three.1 per cent to 167.3. The manufacturing sector too rose 2.0 per cent to 134.7, the MoSPI knowledge confirmed.
In October final yr, the manufacturing sector had witnessed a progress of 4.5 per cent. During the identical interval, the mining sector had slipped (-)1.0 per cent and the electrical energy sector had witnessed a progress of 11.2 per cent, the info confirmed.
Among used based mostly items, the first items output rose 9.0 per cent in October this yr, whereas that of capital items slipped (-)1.1 per cent. Intermediate items output rose 2.1 per cent and infrastructure/building items climbed 5.3 per cent, whereas client durables fell by (-)6.1 per cent and client non-durables grew 0.5 per cent, as per the info.