FEB SAW 5.7% INDUSTRIAL OUTPUT GROWTH BUT 3-MONTH LOW IN PRODUCTION.
Why in the news?
Industrial output surged 5.7% in February, led by growth in mining and electricity, with uneven consumption patterns.
source:scribd
About Recovery in Output:
- India’s industrial output growth reached a four-month high of 5.7% in February, up from January’s 4.1%, driven by an 8% increase in mining and a 7.5% surge in electricity generation.
- Consumption remained uneven, with non-durables contracting while durables showed double-digit growth.
- The Index of Industrial Production (IIP) fell to a three-month low of 147.2, with output decreasing by 4.1% compared to January.
- Sequential contractions were observed in manufacturing, mining, and electricity, as well as across the six use-based classifications of factory output.
What is the Index of Industrial Production (IIP)?
Components of IIP:
Significance of IIP:
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