According to data released by the Ministry of Statistics and Programme Implementation, the manufacturing sector, which accounts for the largest share of industrial output, grew by 5.5% in February. Meanwhile, the mining and electricity sectors also saw growth of 3.6% and 8.1%, respectively.
The growth in industrial production is being seen as a positive sign for the Indian economy, which has been grappling with the impacts of the COVID-19 pandemic. The government and industry experts are hopeful that this trend will continue in the coming months, particularly as the vaccination drive continues and economic activities continue to pick up pace.However, there are concerns about the ongoing supply chain disruptions and rising global commodity prices, which could pose challenges for manufacturers in the coming months. The government and industry stakeholders will need to work closely to address these challenges and ensure that the growth momentum in the industrial sector is sustained.
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