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Kerala's industrial output below pre-lockdown level
November 09, 2024
|The Morning Standard
KERALA's industrial output is still below the pre-lockdown level due to a struggling manufacturing sector, a report released by the Department of Economics and Statistics has revealed.
The manufacturing sector recorded a negative growth of 17.84% in 2022-23 compared to 2019-20, showed the "Report on Index of Industrial Production (IIP) 2015-16 to 2022-23" released recently.
According to experts, inadequate credit disbursement to micro, small and medium enterprises (MSMEs) and employee turnover could be reasons for the sector's decline.
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