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India’s industrial production grew 29.3 per cent in May over the same period a year ago, as the impact of a favourable base continued for yet another month. The IIP had contracted 33.4 per cent in May 2020. The data released by the National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation showed that for the month of May 2021, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stood at 116.6. The data showed that industrial production recovered but was still below the pre-pandemic level in May 2019. Industrial production had plunged 18.7 per cent in March last year following the COVID-19 outbreak and remained in the negative zone till August 2020.

The manufacturing sector -- which constitutes 77.63 per cent of the Index of Industrial Production (IIP) -- grew 34.5 per cent in May this year. The mining sector output rose 23.3 per cent in May while power generation increased 7.5 per cent during the same month. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2021 stood at 108.0, 113.5 and 161.9 respectively.

As per Use-based classification, the indices stood at 122.7 for Primary Goods, 65.6 for Capital Goods, 129.9 for Intermediate Goods and 129.8 for Infrastructure/ Construction Goods for the month of May 2021. Further, the indices for Consumer durables and Consumer non-durables stood at 78.7 and 136.4 respectively for the month of May 2021.