Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7 per cent.
According to the partial data released on Friday by the NSO, the IIP (general index) stood at 126.6 points in April this year.
Painting a rosy picture based on April's GST collections could be a miscalculation as all indicators point to a grim picture of the economy
Rural demand indicators like tractor sales recorded a growth of 172 per cent and 36 per cent compared to a low base in March 2020 and even the pre-Covid month of March 2019 respectively.
According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020.
Rising coronavirus caseloads across the globe have left investors cautious as governments impose restrictions to contain outbreaks.
The decline in the Index of Industrial Production (IIP) was 10.8 per cent in July. The contraction in August stood at 8 per cent, as per the latest data.
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