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IIP grows 0.2% in Sept, enters positive territory after 6-month contraction

The index of industrial production (IIP) grew by 0.2 per cent in September on a year on year basis compared to a 7.36 per cent contraction posted in August

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Manufacturing category accounts for 77 per cent of the index of industrial production.

Dilasha Seth New Delhi
Amid a recessionary outlook, India’s industrial activity returned to the growth territory in September after a gap of six months. Data released on Thursday showed a small uptick led by recovery in consumer goods, electricity and mining sectors. 

This post-Covid revival could be attributed to pre-festival stocking and a favourable base, but economists have cautioned against its sustainability in the near run.

The index of industrial production (IIP) grew by 0.2 per cent in September on a year on year basis compared to a 7.36 per cent contraction posted in August, according to data by the national statistical office. The industrial growth

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First Published: Nov 13 2020 | 12:24 AM IST

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