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India's industrial output jumps to 134% in April 2021 due to low base effect

Shortpedia

Content Team
Image Credit: Shortpedia

India's April 2021 industrial production rate was higher on year-on-year basis as well as growth levels last seen in pre-pandemic period of April 2019. As per the partial data, Index of Industrial Production (IIP) growth works out to be 134 percent in April 2021 over the same month last year, mainly due to the low base effect. However, industrial growth was flat in April if we compare the IIP to that in the same month of 2019.