New Delhi: Industrial production has been declining since the spread of the corona epidemic. Four months later, however, the industrial epidemic is not returning to normal. According to data released by the government today, industrial production in July was 10.7 percent lower than the same month last year. Economists estimate that industrial production will fall by about 18 percent this month. But the reality is better than that.
The government is launching an Industrial Production Index (IIP) to monitor the decline and increase in the production of factories in key sectors such as mining, manufacturing and electricity. In July, manufacturing fell by 11.1 percent, mining by 13 percent and electricity by 2.5 percent. However, there has been an increase in rail transport, energy use and tax revenue. So there is some potential for the government to look forward to rapid economic growth. If factory production does not return to normal, the high rate at which it was reduced has been reduced. “Improvements in industrial production are indicative of improvements in the economy, while local financial support from the local Lockdown and the government has slowed the pace of recovery,” Barclays said. Automobile production has improved. Vehicle companies are producing more vehicles for the current month and October to meet the demand for the festive season. As economic activity gradually recovers, industrial enterprises are becoming more active. But economists estimate that the rate at which production is growing may have to wait a long time for everything to return to normal.
