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Index of Industrial Production (IIP) witnesses contraction of_______in August 2022 against growth of 2.4% in July 2022.
A)
0.5%
B)
0.8%
C)
1.4%
D)
2.2%

Correct Answer :   0.8%


The Index of Industrial Production (IIP) witnessed contraction of 0.8 percent in August 2022 against growth of 2.4 percent in July 2022.

According to the Ministry of Statistics and Programme Implementation data released 12th Oct 2022, the IIP had risen 13.0 per cent in August 2021.
 
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 out the growth of various sectors in the economy. The Eight Core Industries comprise more than 40 percent of the weight of items included in IIP. These are Electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilisers..

Source : AIR

Published On : October 15, 2022
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