CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The country’s industrial production shrank 0.8 % in which month
A
May
B
April
C
June
D
July
Explanation: 

Detailed explanation-1: -India’s industrial output contracted 0.8% in August from the minor 2.2% growth recorded in the previous month, with both manufacturing and mining sectors reporting lower output than a year earlier, while overall factory production shrank 2.3% from July 2022.

Detailed explanation-2: -Output of the manufacturing sector shrank 0.7 per cent in August 2022, as per latest data from the National Statistical Office (NSO).

Detailed explanation-3: -For the month of November 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 137.1. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2022 stand at 122.7, 136.7 and 166.7 respectively.

Detailed explanation-4: -The Index of Industrial Production (IIP) had grown 4.2% in October 2021 and by 3.1% in September 2022. IIP contracted to 129.6 in October from 133.5 in September.

Detailed explanation-5: -In absolute terms, the IIP stood at 135.1 in April 2022, up from 126.1 in April 2021, but lower than 148.8 in March 2022. Manufacturing output, which accounts for 77.6 per cent of the weight of the IIP, grew 6.3 per cent in April, even as mining and electricity grew 7.8 per cent and 11.8 per cent, respectively.

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