Industrial Output India

Industrial and Logistics (I&L) sector leasing grew by 8 per cent YoY to touch 31.6 million sq. ft. in 2022 despite global headwinds, and a slowdown in e-commerce demand and dissipation of the post-pandemic need to hold additional inventories, a report said on Monday.

Extreme heat continued to scorch large swathes of south Asia this week, offering no reprieve after the hottest March on record in India

In May last year, IIP had shrunk 33.4% due to imposition of a nationwide lockdown to contain the spread of the Covid-19

Analysts polled by Reuters had expected industrial output contraction of 20.0 per cent in June

IIP had already shrunk by a record 16.7% in March which saw seven days of lockdown

The rise in the Index of Industrial Production (IIP) helped pull up cumulative growth in industrial output to 0.9 per cent in the April-February period of 2019-20,

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The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20

October capital goods output down for ninth month

The data released on Monday shows that the Index of Industrial Production (IIP) fell by the highest margin since October 2011

According to the latest CSO data, IIP contraction in August has been further revised downwards to 1.4 per cent from the provisional 1.1 per cent decline estimated last month

Within manufacturing basket, capital goods logged 4.4 per cent growth whereas infrastructure and consumer non-durables registered 5.5 per cent and 10.3 per cent growth respectively