What is a good industrial production growth rate?

As per quick estimates from the National Statistical Office (NSO), India’s industrial output grew by 11.5% in July compared to a 10.5% contraction a year ago. Manufacturing, mining and electricity output recorded double digit growth in July 2021. You can read about the Index of Industrial Production [UPSC Economy Notes] in the given link.

Although the output remained slightly below the pre-pandemic level, mainly due to a low-base effect and good performance by power, mining, and manufacturing sectors there was a surge in industrial production rate.

Further readings:

  1. Merger of NSSO and Central Statistical Office (CSO) to form National Statistical Office (NSO)
  2. Core Sectors of the Indian Economy

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