Latest NSO Data Reveals, Industrial Output In October Grew For Second The Consecutive Month To An Eight Months High
Industrial Output In October Grows For Second Consecutive Month To Reach Eight Month High Of 3.6 Per CentAn industrial and transport equipment manufacturing factory.

In a positive development, as per the latest data released by the National Statistical Office (NSO), the industrial output rose for a second successive month in October to an eight-month high as the economy continues to recover from the pandemic induced disruptions and setbacks, reports Times of India.

October saw the index of industrial production (IIP) surge by 3.6 per cent, building on the 0.5 per cent rise observed in the preceding month of September. The boost in industrial output in October was driven by a turnaround in manufacturing, electricity and consumer durables sector.

While consumer durables and non-durables sector witnessed 17.6 per cent and 7.5 per cent growth in October, electricity sector rose by 11.2 per cent. Meanwhile, the manufacturing sector rose by 3.5 per cent.

However, it should also be noted that this comes on the back of a lower base of 6.6 per cent contraction in IIP observed in October 2019. Also, in the entire April-October period, the IIP has witnessed a contraction of 17.5 per cent given the economy came to a grinding halt in the first quarter which witnessed lockdown being implemented in full force to contain the spread of COVID-19.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber