IIP progress edges as much as 1.7 per cent in February from 1.5 per cent a month again

India’s industrial progress, as per the Index of Industrial Manufacturing (IIP), edged as much as 1.7 per cent in February from 1.5 per cent in January, information launched by the Nationwide Statistical Workplace confirmed.

“The Indices of Industrial Manufacturing for the Mining, Manufacturing and Electrical energy sectors for the month of February 2022 stand at 123.2, 130.8 and 160.8 respectively,” learn the discharge.

For April 2021-January 2022, industrial output has clocked a progress of 13.7 p.c as towards a contraction of 12.0 p.c within the corresponding interval of FY21.

As per Use-based classification, the indices stand at 130.8 for Major Items, 94.3 for Capital Items, 144.0 for Intermediate Items and 153.0 for Infrastructure/ Development Items for the month of February 2022. Additional, the indices for Shopper durables and Shopper non-durables stand at 114.7 and 139.5 respectively for the month February 2022.

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