IIP contracts 1.6% in Jan; mining, manufacturing output falls

Industrial output, measured by the index of industrial production (IIP), fell 1.6 per cent on a year-on-year basis in January 2021.

Output of mined products contracted by 3.7 per cent in Jan 2021 as compared to Jan 2020.

Manufactured products contracted 2 percent in Jan 2021 on yearly basis. The fall in manufacturing was broad-based, with 18 of the 23 sub-groups reporting a fall in production. 

Electricity generation rose by 5.5 per cent. Electricity generation has been rising since Sept 2020 of this fiscal from continued decline from March 2020.

Production of capital goods contracted by 9.6 per cent in Jan 2021 as compared to Jan 2020.

Infrastructure/construction goods grew by 0.3 per cent in Jan 2021 on Y-o-Y basis.

Among consumer goods, production of durables fell by 0.2 per cent and that of non-durables declined by an even steeper 6.8 per cent.Shivani Sharma, Pragati Srivastava