Sumary of Curbs hit Apr industrial output, IIP dips over Mar:
- The Index of Industrial Production (IIP) slowed to 126.6 in April from 145.5 in March, reflecting the impact of the localised lockdowns across the country against the second Covid-19 wave, data released by the National Statistical Office (NSO) on Friday showed..
- Comparing the output levels, the data showed that the industrial output in April 2021 is 94.3 per cent of the output seen in February 2020 and 100.1 per cent as against output of April 2019..
- In percentage terms, industrial activity showed a rise of 134.4 per cent this April — primarily due to severe low base effect — from April 2020 when a nationwide lockdown was imposed to counter the spread of the pandemic..
- “This clearly shows that some of the ground that industrial output had covered in March 2021 by going past the production levels witnessed during the pre-lockdown month of February 2020 has again been lost in April 2021….