Industrial Output Falls 16.7% in March

As per the data released by Ministry of Statistic and Program Implementation, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of March 2020 stands at 120.1, which is 16.7 percent lower as compared to the level in the month of March 2019. The cumulative growth for the period April-March 2019-20 over the corresponding period of the previous year stands at -0.7 percent.


The growth rates for the Mining, Manufacturing and Electricity sectors for the month of March 2020 stand at 0.0 percent, -20.6 percent and -6.8 percent as compared to March 2019. The cumulative growth in these three sectors during April-March 2019-20 over the corresponding period of 2019 has been 1.7 percent, -1.3 percent and 1.1 percent respectively.
In terms of industries, all twenty three industry groups in the manufacturing sector have shown negative growth during the month of March 2020 as compared to the corresponding month of the previous year.


As per Use-based classification, the growth rates in March 2020 over March 2019 are (-) 3.1 percent in Primary goods, (-) 35.6 percent in Capital goods, (-) 18.5 percent in Intermediate goods and (-) 23.8 percent in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 33.1 percent and (-) 16.2 percent respectively.



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