IIP Knowledge: The economic manufacturing of the nation has seen a rise on the fee of 1.9 %. The Index for Industrial Manufacturing (IIP) knowledge has been launched for the month of March, in accordance with which industrial manufacturing has grown on the fee of 1.9 % in March, in comparison with 1.7 % in February 2022. These figures have been launched by the Ministry of Statistics.
Industrial output elevated in March as in comparison with February. However the progress fee within the manufacturing sector has been solely 0.9 %, within the mining sector, manufacturing has elevated on the fee of 4 %. On the similar time, manufacturing within the energy sector has additionally elevated on the fee of 6.1 %. Capital items manufacturing has grown at a fee of solely 0.7 per cent. Whereas shopper durables and non-consumer durables have proven destructive progress. Each the sectors have elevated the manufacturing fee by -3.2 per cent and -5 per cent.
Nevertheless, all the 2021-22 knowledge has been accomplished together with the March IIP knowledge. In 2021-22, IIP has grown on the fee of 11.3 per cent. Whereas in 2020-21, there was a destructive progress of 8.4 % as a result of lockdown imposed on account of Kovid-19.
There’s a slight enchancment in industrial manufacturing however an enormous enhance in retail inflation is a trigger for concern. Retail inflation has reached 7.79 % within the month of April.
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