Industry

Industrial production grows by 1% in December

A view of a powerloom unit in Erode. File   | Photo Credit: M. Govarthan

India's industrial production grew by 1% in December, official data showed on Friday.

According to the Index of Industrial Production (IIP) data, the manufacturing sector output grew by 1.6% in December 2020.

Mining output declined by 4.8%, while power generation grew 5.1% in December 2020.

The IIP had grown by 0.4% in December 2019.

Industrial production has been hit due to the COVID-19 pandemic since March last year when IIP contracted by 18.7% in the month.

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Printable version | Apr 20, 2021 11:49:08 AM | https://www.thehindu.com/business/Industry/industrial-production-grows-by-1-in-december/article33822501.ece

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