India's Industrial Production Contracts 0.8% in August 2022: Govt Data
As per the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector's output contracted 0.7 per cent in August 2022. The mining output contracted 3.9 per cent, while power generation increased 1.4 per cent during August.
New Delhi, October 12: India's industrial production contracted 0.8 per cent in August, according to the official data released on Wednesday. The IIP had grown 13 per cent in August 2021. RBI Fails to Meet Inflation Mandate; Sept CPI Surges to 7.41 Per Cent.
As per the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector's output contracted 0.7 per cent in August 2022. The mining output contracted 3.9 per cent, while power generation increased 1.4 per cent during August. Retail Inflation Accelerates to a Five-month High in September.
In April 2020, industrial production had contracted 57.3 per cent 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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