Industrial production contracts 0.8% in August

PTI Updated - October 12, 2022 at 05:50 PM.

India's industrial production contracted 0.8 per cent in August, according to the official data released on Wednesday.

The IIP had grown 13 per cent in August 2021.

According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector's output contracted 0.7 per cent in August 2022.

The mining output contracted 3.9 per cent, while power generation increased 1.4 per cent during August.

In April 2020, industrial production had contracted 57.3 per cent due to a decline in economic activities in the wake of the lockdown imposed to curb the spread of coronavirus infections.

Published on October 12, 2022 12:20

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.