Industrial production up 3.2% in October

Mining output increased by 11.4%, and electricity generation increased by 3.1%.

India’s industrial output grew by 3.2 per cent in October, according to official data released on Friday.

Manufacturing sector output grew by 2% in October 2021, according to the Index of Industrial Production (IIP) data by the National Statistical Office (NSO).

In October, mining output increased by 11.4%, and electricity generation increased by 3.1%.

IIP had grown by 4.5% in October 2020.

During April-October this year, IIP grew by 20% against a contraction of 17.3% in the same period last year.

Industrial production has been hit since March last year due to the coronavirus pandemic, when it contracted by 18.7%.

It shrank 57.3% in April 2020 due to a decline in economic activity in the wake of the lockdown imposed to contain the spread of coronavirus infection.

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