India’s industrial production showed some good news, with a 5.6% rise in February 2021 according to the latest Index of Industrial Production (IIP) data released by the Ministry of Statistics and Programme Implementation. This has been the highest ever growth in the industrial production index since January 2019.
The increase in output was led by a significant jump in production of electricity, primary goods and capital goods. The output of manufactured goods also increased significantly.
In this video, we will discuss this IIP data and analyze the impact it can have on India’s economic growth. We will also discuss what sectors need to be focused on and what will be the challenges in reviving the Indian economy.
Tags:
#India #IIP #economicgrowth #manufacturing #electricity #primarygoods #capitalgoods #challenges #revival #economy #industrialspending #investment
List
• Index of Industrial Production rose 5.6% in February 2021
• Output of manufactured goods increased significantly
• Electrical, primary goods, and capital goods drove output
• Discussion of the impact of IIP on India’s economic growth
• Sectors to focus on to revive the economy
• Challenges and risks in reviving the economy
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