New Delhi: Industrial production jumped 11.5 percent in July mainly due to low effects and good performance by the manufacturing sector, mining and power but the output remained slightly below the pre-pandemic level.
The manufacturing sector, which constituted 77.63 percent of the industrial production index (IIP), grew 10.5 percent in July, according to data issued by the National Statistics Office (NSO) on Friday.
The output of the mining sector rose 19.5 percent in July while power plants increased 11.1 percent.
In July 2021, IIP reached 131.4 points compared to 117.9 points in the same month last year.
This index is at 131.8 points in July 2019, according to NSO data.
Data shows that industrial production is recovering but still a little below the pre-pandemic level in July 2019.
IIP has been contracted 10.5 percent in July 2020.
Industrial production dropped 18.7 percent in March last year after the Covid outbreak and remained in the negative zone to the negative zone August 2020.
With the resumption of economic activities, the factory output rose 1 percent on September 2020 and grew 4.5 percent in October.
In November 2020, the factory output fell 1.6 percent and then entered a positive area with 2.2 percent growth in December 2020.
IIP has recorded a contraction of 0.6 percent in January and 3.2 percent in February this year.
In March, it grew 24.2 percent.
For April, NSO held back the release of complete IIP data.
In May 2021, IIP rose 28.6 percent and in June, it grew 13.6 percent.
The second wave of pandemic began in mid-April this year and many countries imposed restrictions to curb the spread of Coronavirus infection.
“The growth rate in the period in accordance with the previous year must be interpreted given the unusual circumstances because of the Pandemic Covid-19 since March 2020,” NSO said in a statement.
The government has imposed a national locking to contain the spread of Koronavirus infection on March 25, 2020.
The manufacturing sector has recorded a 11.4 percent contraction in July 2020.
The mining sector output fell 12.7 percent in the same month last month.
The power plant has declined by 2.5 percent in July 2020.
The output of capital goods, which is an investment barometer, grew 29.5 percent in July 2021.
It had witnessed a 22.8 percent contraction in the period last year.
Durles Manufacturing consumers increased by 20.2 cents in the month which was being reviewed while it was a decline of 23.7 cents in July 2020.
The production of non-durable goods consumers fell 1.8 percent in July while it has grown 1.8 cents in the year period then.