IIP witnesses contraction of 0.8% in August against growth of 2.4% in July

The Index of Industrial Production (IIP) witnessed contraction of 0.8 percent in August against growth of 2.4 percent in July this year. According to the Ministry of Statistics and Programme Implementation data released today, the IIP had risen 13.0 per cent in August last year. The industrial output so far in the fiscal year 2022-23 (April-August) has risen 7.7 per cent, compared to a spike of 29.0 per cent in the corresponding period a year ago, the data showed. IIP is an index which details o...