Big relief to the government on the economy front, industrial production increased by 7.1% in April
On the economy front, news of a big relief has come for the BJP government at the Center. The country’s industrial production has increased by 7.1 percent in April 2022 due to the better performance of the power and mining sectors.
April’s industrial growth rate highest in 8 months
The industrial growth rate of April is the highest in 8 months. According to government data released on Friday, there was a growth of 2.2 percent in industrial production in March 2022.
6.3% growth in manufacturing sector
According to the data released on Friday by the National Statistical Office (NSO), the manufacturing sector has registered a growth of 6.3 percent in the first month of the current financial year. According to the data, electricity production grew by 11.8 percent and mining production by 7.8 percent in the month under review.
Industrial production was affected last year due to the pandemic
The growth rate in the same month of last year is yet to be analyzed due to the second wave of the Covid-19 pandemic. Industrial production was badly affected at that time due to the pandemic.
