The government withholds the publication of complete industrial production data for April

Business
The government withholds the publication of complete industrial production data for April


NEW DELHI: The government has delayed the release of full April Industrial Production Index (PII) data, as was done for the same month last year due to the Covid-19 lockdown.
Last year, in June, the National Statistical Office (OSN) had delayed the publication of PII data due to the effect of the national closure on factory production.
This year, industrial production was also affected due to the blockade restrictions imposed by the states to stop the second wave of the pandemic.
According to partial data published on Friday by the NSO, the IIP (general index) stood at 126.6 points in April this year.
The PII was at 54 points in April 2020 and 126.5 points in April 2019.
Industrial production had been reduced by 57.3% in April 2020.
According to partial data, IIP growth is 134 percent in April 2021 compared to the same month last year, mainly due to the low base effect.
However, industrial growth remained flat in April if we compare the IIP with that of the same month of 2019.
This indicates that the incipient economic recovery has been affected by the second wave of the pandemic.
In a statement, NSO said: “It should be noted that the national closure and other measures implemented to restrict the spread of the Covid-19 pandemic since the end of March 2020, had caused most of the establishments to not operate in April 2020 and consequently, there were many units that reported ‘Null’ production, affecting the comparison of the indices for the months of April 2020 and April 2021 “.
The Center had imposed on March 25, 2020 a blockade throughout the country to stop the spread of Covid-19.
The government began to ease lockdown restrictions for some economic activities as of April 20, 2020.
This year, the second wave of the pandemic began in mid-April, which also affected production in factories due to local restrictions imposed by states.
The NSO indicated that for the month of April 2021, the industrial production indices for the mining, manufacturing and electrical sectors stood at 108, 125.1 and 174 points, respectively.
Based on the usage-based classification, the indices were 126.7 for primary goods, 82.4 for capital goods, 137.9 for intermediate goods, and 134.8 for infrastructure / construction goods as of April 2021.
In addition, the indices for durable consumer goods and non-durable consumer goods stood at 112.4 and 142.3, respectively.
The IIP had registered a growth of 5.2 percent in February of last year. It had been reduced by 18.7 percent in March 2020.

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