New Delhi. The industrial production of the country has increased by 1.4 percent in November, 2021. This information has been shared by the National Statistical Office (NSO). According to the data of Industrial Production Index ie IIP, in November 2020, industrial production decreased by 1.6 percent.
According to the data, the manufacturing sector’s production grew by 0.9 percent in November last year. Mineral production increased by 5 percent and electricity production by 2.1 percent in the month of November. Industrial production grew by 17.4 per cent during April-November in the current financial year, as compared to a decline of 15.3 per cent in the corresponding period of the previous financial year 2020-21.
Also read- Union Budget 2022-23: What is Direct Tax? Understand 5 budget vocabulary in easy language
Industrial production has been affected due to Corona
Industrial production was affected due to the corona virus epidemic that started in March 2020. At that time it had fallen by 18.7 percent. In April, 2020, there was a decline of 57.3 percent due to the ‘lockdown’ imposed for the prevention of the epidemic.
read this also- In just 4 months this stock made 1 lakh to 20 lakhs, gave a bumper return of 1900%, know about the company?
Shock to the common man! Inflation rises to 5.59 percent
It is worth noting that according to the data released by the government on Wednesday, retail inflation increased to 5.59 percent in December 2021 due to increase in the prices of food items. Consumer Price Index (CPI) based retail inflation stood at 4.91 per cent in November, 2021 and 4.59 per cent in December, 2020. According to data released by the National Statistical Office, food inflation rose to 4.05 per cent in December from 1.87 per cent in the previous month.
Tags: business news in hindi, Economy