ADVERTISEMENT
ADVERTISEMENT
site_logo
  • Campus
  • Happening
  • Opinion
  • People
  • News
  • #BeInspired
  • Careers
  • 40 under 40
  • Exams
  • What The FAQ
  • Videos
    • Straight Up
    • Odisha Literary Festival 2020
    • Campus Convo
    • Careers After Corona
    • Express Expressions
    • Q&A With Prabhu Chawla
    • ThinkEdu Awards 2020
  • Web Stories
  • edex_worksEDEXWORKS
ADVERTISEMENT
India

Published: 11th December 2021     

What the FAQ: What does the IIP report say about India's industrial recovery from the pandemic?

Compared with the last few months, October was actually an improvement on the hit that industries in India had taken this year

Edex Live
Edex Live
f_icon t_icon i_icon l_icon koo_icon whatsapp_icon email_icon Google News

Share Via Email

faq_dec_11

Pic: Edexlive

The Index of Industrial Production report is out and the numbers, measured during the recovery stage from the havoc wreaked on industries by the pandemic, have only seen a marginal improvement. Calculated against the base year reference numbers of 2011-2012, these help gauge a month-on-month and year-on-year development in the industries in India.


What is the IIP Report?
The Index of Industrial Production is a monthly exercise undertaken by the Central Statistical organisation to track the growth of various industries in the economy.

What does the latest IIP Report look like for India?
Industrial production in simple terms refers to the output generated by factories in the country. According to the IIP data, in October, industrial production was at 3.2%. This is low from last year's 4.5% of the manufacturing output, which makes up almost 77% of the industrial production, around the same time. However, compared with the last few months, this is actually an improvement on the hit that industries in India had taken this year.

What does it say about the status of investment in the country?
The IIP measures investment rates in the country by calculating the output of capital goods. These numbers are down alarmingly to a degrowth of 1.1% when they had registered a growth of 3.2% last year in October. 

READ ALSO : What the FAQ: What does the IIP report say about India's industrial recovery from the pandemic?

How do other sectors fare?
Well apart from mining which grew at 11%, and primary goods, all other sectors such as consumer durables and non-durables, manufacturing and infra goods have all taken a hit.

Which industry has suffered the most?
The pandemic has put a lot of processes out of place globally, and with the manufacturing of chips taking a hit, sectors such as the auto industry have suffered great losses. 

telegram
TAGS
India FAQ WhatTheFAQ IIP Report Industrial Production Manufacturing growth economy pandemic manufacturing non-durables consumer durables

O
P
E
N

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
telegram
ADVERTISEMENT
Write to us!

If you have campus news, views, works of art, photos or just want to reach out to us, just drop us a line.

newsletter_icon
Mailbox
edexlive@gmail.com
fb_icon
Facebook
twitter_icon
Twitter
insta_icon
Instagram
ADVERTISEMENT
Facebook
ADVERTISEMENT
Tweets by Xpress_edex
ADVERTISEMENT
ADVERTISEMENT

FOLLOW US

The New Indian Express | The Morning Standard | Dinamani | Kannada Prabha | Samakalika Malayalam | Cinema Express | Indulgexpress | Events Xpress

Contact Us | About Us | Privacy Policy | Terms of Use

Home | Live Now | Live Story | Campus Trip | Coach Calling | Live Take

Copyright - edexlive.com 2023. All rights reserved. Website Designed, Developed & Maintained by Express Network Private Ltd.