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Industrial output soared 35% in FY22 post-pandemic recovery
Mint Mumbai
|February 06, 2024
Industrial output surged over 35% during 2021-22 (FY22) from the previous fiscal year, signaling a robust recovery from the impacts of the pandemic, the government's Annual Survey of Industries (ASI) results for 2020-21 and 2021-22 said.
According to the survey conducted by the Ministry of Statistics & Programme Implementation, industrial output during 2021-22 stood at ₹119.27 trillion in value terms, up from ₹88.09 trillion during 2020-21 and even surpassing the pre-pandemic figures of ₹89.83 trillion in FY19-20.
This recovery spanned across manufacturing sectors like basic metals, refined petroleum, pharmaceuticals, motor vehicles, food products, and chemicals, indicating a broad-based resurgence.
Under the impact of the pandemic, 2020-21 saw output and input contraction and a marginal fall in employment.
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