For the month of April 2021, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 stand at 126.6. The IIP for the manufacturing sector for the month of April 2021 stands at 125.1. It must be noted that the quick estimates will undergo revision in subsequent releases as per the revision policy of IIP. The use-based classification estimates the indices to be at 126.7 for primary Goods, 82.4 for capital goods, and 137.9 for intermediate goods. Further, the indices for consumer durables and consumer nondurables stand at 112.4 and 142.3 respectively. The release drew attention to the nationwide lock down and other measures implemented to restrict the spread of Covid-19 pandemic from the end of March 2020 leading to a majority of the establishments not operating in April 2020 and consequently, many units reporting ‘Nil’ production. It is known to have affected comparison of the indices for the months of April 2020 and April 2021. The high estimate is said to be a derivative of the low-base effect.
