Final yr in June, the Nationwide Statistical Workplace (NSO) had held again the discharge of full IIP knowledge as a result of impact of the nationwide lockdown on manufacturing unit output.
This yr too industrial manufacturing was hit resulting from lockdown restrictions imposed by states to curb the second wave of the pandemic.
Based on the partial knowledge launched on Friday by the NSO, the IIP (basic index) stood at 126.6 factors in April this yr.
The IIP was at 54 factors in April 2020 and 126.5 factors in April 2019.
Industrial output had shrunk by 57.three per cent in April 2020.
As per the partial knowledge, IIP progress works out to be 134 per cent in April 2021 over the identical month final yr, primarily as a result of low base impact.
Nevertheless, industrial progress was flat in April if we examine the IIP to that in the identical month of 2019.
This means that the nascent financial restoration has been impacted by the second wave of the pandemic.
In a press release, NSO stated, “It might be famous that the nationwide lockdown and different measures applied to limit the unfold of Covid-19 pandemic from the tip of March 2020, had led to a majority of the institutions not working in April 2020 and consequently, there have been many models which reported ‘Nil’ manufacturing, affecting comparability of the indices for the months of April 2020 and April 2021.”
The Centre had on March 25, 2020 enforced a nationwide lockdown to curb the unfold of Covid-19.
The federal government began easing lockdown restrictions for some financial actions from April 20, 2020.
This yr, the second wave of pandemic started in the course of April, which additionally affected manufacturing in factories resulting from native restrictions imposed by states.
The NSO said that for the month of April 2021, the indices of business manufacturing for the mining, manufacturing and electrical energy sectors stood at 108, 125.1 and 174 factors, respectively.
As per use-based classification, the indices had been at 126.7 for main items, 82.four for capital items, 137.9 for intermediate items and 134.eight for infrastructure/ building items for April 2021.
Additional, the indices for shopper durables and shopper non-durables had been at 112.four and 142.three, respectively.
The IIP had registered a progress of 5.2 per cent in February final yr. It had shrunk by 18.7 per cent in March 2020.