IIP rises 134.4% in April, but just 0.08% over pre-COVID level
The Hindu
The manufacturing sector, hit hardest by the national lockdown over April 2020, recorded a 197.1% uptick this April, though it was still 0.9% lower than April 2019 levels
India's index of industrial production (IIP) rose by a sharp 134.44% in April 2021, as per data from the National Statistical Office which stressed that the numbers are not strictly comparable with April 2020 when the country was in the midst of a national lockdown. April's industrial output was just 0.08% higher than the pre-pandemic levels of April 2019. The manufacturing sector, hit hardest by the national lockdown over April 2020, recorded a 197.1% uptick this April, though it was still 0.9% lower than April 2019 levels. Economists said the ‘exaggerated’ numbers could create a misleading impression about the state of the economy.
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