Industrial production grows 11.9% in August

India's industrial production rose 11.9 per cent in August, according to official data released on Tuesday.

As per the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector's output surged 9.7 per cent in August 2021. In August, the mining output climbed 23.6 per cent, and power generation increased 16 per cent.

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The IIP had contracted 7.1 per cent in August 2020. During April-August this year, the IIP grew 28.6 per cent against a 25 per cent contraction in the same period last year. Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7 per cent.

It shrank 57.3 per cent in April 2020 due to a decline in economic activities in the wake of the lockdown imposed to curb the spread of coronavirus infections.

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