IIP contracts 16.6% in June despite resumption of industrial activity
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Many industrial establishments had not operated since March-end due to the nationwide lockdown and other COVID-19 preventive measures taken by the government. This had an overall impact on the items produced during the lockdown period. However, conditional relaxations in industrial activity led to some pick-up, resulting in slowing of contraction to 16% Y-o-Y compared to April and May. The index for June stands at 107.8 compared to 53.6 and 89.5 for April and May, respectively.
Story: Manoj Sharma
Design: Mohsin Shaikh