IIP growth at eight-month high but worries still linger

Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) rose an annual 7.1% in April, compared with an upwardly revised 2.2% in March. The sector had grown by 133.5% in April 2021 on the back of a very low base of 2020 when the Covid-19 induced lockdown had smothered economic activity and growth.