Categories: Business

Industrial production decline 16.6 percent in June

Photo: GOOGLE

IIP Fall in june

new Delhi. Industrial production has seen a decline during the month of June due to continued lockdown amid the Corona crisis. According to the data released today, the index of industrial production ie IIP has decreased by 16.6% in the month of June as compared to the previous year. This is the fourth consecutive month when industrial production has seen a decline. However, this period continued to improve. In the month of May, IIP saw a decline of 34 percent. The index was at 53.6 in April, while it rose to 89.5 in May. The IIP index is at 107.8 in June.

The month of June saw pressure in the manufacturing, energy, and mining sectors. According to the data, the manufacturing sector has shown a decline of 17.1% over the previous year. At the same time, the mining sector has recorded a decline of 19.8 percent and the power sector by 10 percent. The lockdown was announced from March 2020 to stop the spread of Corona, since which the workings have not yet returned to track. At the same time, due to the new ban in Corona after gaining speed, there is a possibility of recovery in June again under pressure.

This post was published on August 11, 2020 9:01 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…