IIP Data October 2020: India’s industrial output climbs 3.6% in October, says Govt data
IIP Data October 2020: The country’s index of industrial production (IIP) grew 3.6 per cent to 128.5 in the month of October, according to the data released by the Ministry of Statistics & Programme Implementation (MoSPI).
The IIP had slipped 6.6 per cent in October 2019, the data showed.
The industrial growth so far in the fiscal year 2020-21 (April-October) has contracted 17.5 per cent, compared to a 0.1 per cent rise in the corresponding period a year ago, the data showed.
The rise in IIP data during October is primarily on account of the electricity and manufacturing sectors. The electricity sector saw a rise of 11.2 per cent on-year to 162.2 in October, while the manufacturing sector witnessed a growth of 3.5 per cent to 130.7. However, the mining sector contracted 1.5 per cent to 98.0, the MoSPI data showed.
