Industrial Production Grows 22.4% In March: All You Need To Know

Index of Industrial Production, March 2021: The indices for the mining, manufacturing, and electricity sectors for March 2021stand at 139.0, 140.4, and 180.0 respectively.

Industrial production grew by 22.4 per cent in March 2021 from a year earlier, government data showed on Friday. The industrial production growth entered the positive territory after a gap of two months due to a low base effect and strong growth in the manufacturing, mining, and electricity sectors. The industrial production, or the factory output, gauged by the Index of Industrial Production (IIP), declined 3.6 per cent in February. Separate government data showed that the retail inflation eased to 4.29 per cent in April 2021, due to a decline in food prices. (Also Read: Retail Inflation Eases To 4.29% In April On Decline In Food Prices ) According to the industrial production data released by the Ministry of Statistics and Programme Implementation, the indices for the mining, manufacturing, and electricity sectors for March 2021 stand at 139.0, 140.4, and 180.0 respectively.