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

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

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

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

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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. 

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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.

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

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

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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