Industrial output falls by 3.6% in February 2021

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Industrial output falls by 3.6% in February 2021

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Industrial output, measured by the index of industrial production (IIP), fell by 3.6% on a Y-o-Y basis in February 2021.  

  • Shivani Sharma
  • Pragati Srivastava

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IIP for the mining sector stood at 116.5 (down 5.5% on Y-o-Y basis) in February.  

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IIP of manufactured products declined by 3.7%. The fall in manufacturing sector was broad-based, with 17 of the 23 sub-groups contracting.

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Electricity generation grew at a meagre 0.1 % Y-o-Y in February 2021.

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Capital goods and infrastructure/construction goods reported a fall of 4.2% and 4.7%, respectively, in February.

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Industrial production of consumer goods grew by only 0.22 % in February 2021 on Y-o-Y basis. Output of consumer non-durables fell by 3.8%