Index for Industrial Production (IIP) helps gauge the manufacturing activity undertaken in an economy in a specified period.
India’s Index for Industrial Production (IIP) grew 3.2 per cent to 133.7 on a year-over-year basis in October 2021 as sectors like manufacturing and electricity recorded an uptick in production, shows data released by the Ministry of Statistics and Programme Implementations on Friday. In September, the country’s IIP stood at 127.9. The IIP helps gauge the manufacturing activity undertaken in an economy by varied sectors during a given period.
The IIP for the mining, manufacturing and electricity sectors in October 2021 stood at 109.7, 134.7 and 167.3, respectively.
"For the month of October 2021, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 133.7. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2021 stand at 109.7, 134.7 and 167.3 respectively," the Ministry of Statistics and Programme Implementation stated.
The CPI inflation data is expected to be released on December 13.