Base effect drives up IIP growth to 29.3% in May

Base effect drives up IIP growth to 29.3% in May

However, the IIP in May was 13.9% lower than the pre-pandemic level (the same month in 2019). It also witnessed a sequential moderation in the wake of the localised lockdowns, suggesting a sustained industrial recovery is still far.
Check the source here –Source, Financial Express.
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