 "IIP, India's Industrial Production")
Industrial output not only grew at a faster clip at 11.9 per cent in August, compared to 11.5 per cent a month ago, it also rose 3.9 per cent, compared to pre-pandemic levels, revealed the data released by the Ministry of Statistics and Programme Implementation on Tuesday.
However, double-digit growth in industrial production can be attributed largely to the impact of a low base. Factory output in volume terms - measured by the Index of Industrial Production (IIP) - contracted 7.1 per cent in August last year due to disruption caused by the Covid-19 pandemic.
Cumulative growth in
However, double-digit growth in industrial production can be attributed largely to the impact of a low base. Factory output in volume terms - measured by the Index of Industrial Production (IIP) - contracted 7.1 per cent in August last year due to disruption caused by the Covid-19 pandemic.
Cumulative growth in
