March IIP contracts by 16.7%
According to National Statistical Office (NSO) data, manufacturing sector output fell by 20.6 percent in March compared to a growth of 3.1 percent in the same month a year ago.
The country's industrial output contracted by 16.7 percent in March, mainly on account of poor show by mining, manufacturing and electricity sector due to the nationwide lockdown, government data showed on Tuesday. CNBC-TV18 poll had earlier suggested a reading of -6.47 percent.
The output had showed a growth of 4.5 percent in February.
"In view of the global COVID-19 pandemic and consequent nationwide lockdown measures implemented since March 2020, the data flow from the producing units was impacted," the government notification said.
"As some of these units are yet to resume operations, the response rate has been lower than usual. Consequently, the Quick Estimates are likely to undergo revision and will be incorporated in subsequent releases as per the revision policy of IIP", it added.
According to National Statistical Office (NSO) data, manufacturing sector output fell by 20.6 percent in March compared to a growth of 3.1 percent in the same month a year ago. Electricity generation declined by 6.8 percent as against a growth of 2.2 percent in March 2019.
Mining sector output remained flat compared to a growth of 0.8 per cent earlier.
The IIP in the last fiscal contracted by 0.7 per cent from 3.8 per cent expansion in the 2018-19.
First Published: May 12, 2020 5:50 PM IST
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