City
Epaper

February IIP expands to 4.5 pc from 2 pc month-on-month

By ANI | Updated: April 9, 2020 18:40 IST

Industrial output in February grew at 4.5 per cent as against a 0.2 per cent a year earlier, data released by the government on Thursday showed.

Open in App
Industrial output in February grew at 4.5 per cent as against a 0.2 per cent a year earlier, data released by the government on Thursday showed.

The growth was 2 per cent in the previous month. "The quick estimates of Index of Industrial Production (IIP) with base 2011-12 for February stands at 133.3, which is 4.5 per cent higher as compared to the level in February 2019," according to an official statement.

The cumulative growth for the period April-February 2019-20 over the corresponding period of the previous year stands at 0.9 per cent, it said.

The numbers come amid uncertainty in the global economy with hundreds of countries struggling to deal with the impact of coronavirus.

The indices of industrial production for mining, manufacturing and electricity sectors for February stand at 123.7, 133.5 and 149.1 respectively with the corresponding growth rates of 10 per cent, 3.2 per cent and 8.1 per cent as compared to February 2019.

The cumulative growth in these three sectors during April to February 2019-20 over the corresponding period of 2018-19 has been 1.9 per cent, 0.6 per cent and 1.5 per cent respectively.

( With inputs from ANI )

Tags: IIP
Open in App

Related Stories

InternationalRetail inflation falls to 4.70% in April, industrial production index slides to 1.1% in March

InternationalPositive momentum effect supports rise of industrial output to 5.2% in Jan

InternationalIndustrial output rises to 5.2% in January

InternationalIndians' overseas financial assets fell $43.9 bn in July-Sep: RBI report

InternationalOutput of 8 core industries rises 5.4% in November

कारोबार Realted Stories

BusinessThyrocare Q4FY25 Revenue Up 21 Percent YoY to Rs 187.2 Cr; PAT Rises 24 Percent to Rs 21.3 Cr

BusinessMobius Foundation Hosts Panel Discussion on Saving the Himalayan Cryosphere

Business13th Edition of Tiger Cup 2025, Supported by Cycle Pure Agarbathi, Kicks Off with Debut of Girls' League

BusinessWorried About Market Volatility? Lock in Shriram Unnati FD's High Rates While You Still Can

BusinessPowering India's Maritime Excellence by Capt Bjorn Hojgaard