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India's IIP grows 11.9 per cent in August, shows improvement IIP

India's IIP grows 11.9 per cent in August, shows improvement

India Blooms News Service | @indiablooms | 12 Oct 2021, 09:07 pm

New Delhi: The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post the deadly second wave of pandemic.

"For the month of August 2021, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 131.1," read a government statement.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2021 stand at 103.8, 130.2 and 188.7 respectively.

These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 127.3 for Primary Goods, 91.0 for Capital Goods, 142.7 for Intermediate Goods and 145.2 for Infrastructure/ Construction Goods for the month of August 2021. 

Further, the indices for Consumer durables and Consumer non-durables stand at 118.3 and 147.3 respectively for the month of August 2021.